Guides

Keep it simple to avoid tax The cycle-to-work tax break seems to come with a mountain of literature to plough through, but is there a simple option? Cycle-to-work basics The legislation for the cycle-to-work tax break is unusually straightforward. It allows employers …

IR35 | April 2021 Balancing your books and tax records If, because of the new off-payroll rules, your client will deduct PAYE tax and NI when settling your invoices, you will need to make important changes to your admin and how you draw income from your business. What steps do you need to take? New rules The signs …

The tax return filing deadline is 31 January each year where the return is filed electronically. Use this checklist to avoid problems with HMRC, or not paying the right amount of tax.

A business plan is a vital document for any small business owner as it outlines the future of your company, plans for growth and the strategy for how you will get there. If your plans to scale up include hopes …

So, you’ve decided you’re going to take the plunge and go self-employed. But how do you know what National Insurance you’ll need to pay? When you become self-employed, you become responsible for paying your NI and tax on your income, …

So you’re thinking of giving up the day job to become self-employed? It’s a big and scary decision, but one that will have you buzzing with excitement.  You’ll be planning your logo and business stationery, mapping your website and dreaming …

A company car is considered a taxable perk by HMRC. Officially a company car is known as a Benefit In Kind (BIK), because there is a monetary value attached to your ability to use it privately. As a result, the …

Probably the most confusing thing for clients is understanding HMRC’s self-assessment statement and knowing what personal tax needs to be paid and by when.  Causing most of the trouble are payments on account! What are they and how are they …

IR35 plays an important role in the lives of many of our contractor clients. If you are a contractor then you need to be aware of this legislation as the cost of getting it wrong can be vast. At A4C …