Blog
Basis period reform – Preparing for the transition
From 2024/25 unincorporated businesses will be taxed on their profits for the tax year. Read this article to find out about the new rules and the transition from the current year basis to the tax year basis. #basisperiodreform
Are you ready for the change? Self-employed – Basis period reform
Read this article to find out about tax calculation changes for many self-employed and partnership businesses.
National Insurance changes from July 2022
There have been a lot of changes to National Insurance Contributions and some of them are set to take effect during the tax year. Ensure you are familiar with what’s changing by reading this article. #nationalinsurance #taxchanges
Are workers employees?
It is important to know whether a worker is employed or self-employed as there are many differences in the way in which they will be taxed.
Should I incorporate my business?
The question of whether to incorporate commonly arises as a business expands - the limited liability status that company formation provides is often needed to start winning contracts with bigger companies.
Self-employed – How to calculate your payments on account
The deadline for filing the self-assessment tax return for 2018/19 is 31 January 2020. This is also the date by which any outstanding tax for 2018/19 must be paid and, where payments need to be made on account, the date by which the first payment on account of the 2019/20 liability must be made.
The Tax Advantages of Self-Employment
This helpsheet gives you an outline of what it means to work for yourself as a self-employed person. There are a number of advantages of being self-employed, but you must also comply with various regulations including the tax law.