Much has been said about the merits of running a buy-to-let business through a private limited company. But the decision of whether to buy a property as an individual or through a company depends on numerous factors. This article briefly explains some of the most critical factors. It also suggests …
As an entrepreneur, a lot of you will reach the point where you need capital to support the growth of your business. You will then work on your business plan, create a pitch deck, and set off to woo potential investors. But here is one more critical task you may …
There are encouraging messages in the Budget for technology and innovation companies. Specific points are: R&D Expenditure Credit Scheme (RDEC) taxable credit will increase to 12% from 11%. Promise to double the EIS investment limit (currently £1m) for investors on knowledge incentive companies. £2.3bn more government investment on R&D. This …
Should I set up a limited company or operate as a sole trader? This is one of the first questions that you will encounter when embarking on the journey of becoming an entrepreneur. This article will help you to decide. Perceived benefits of limited companies There are several benefits …
The government introduced a scheme (SME scheme) to incentivise scientific and technological innovation. If your company conducts R&D activities and your company is subject to Corporation Tax, the R&D tax relief can either reduce your tax bill or give you tax credit in cash, depending on how you choose, both …
The new tax rules taking effect in 2017/18 have been much discussed. But if you are a landlord and let out one or more properties, you will still be wondering what your new tax bill will be like after April next year, and should you be changing your tax strategy? …
We’ve all worked extremely hard during the year – pushed to get one more sale; got that product over the line; secured another client contract – and expect to be rewarded correspondingly. Yet frequently we are disappointed when we receive a seemingly enormous tax bill. So how can you optimise …
If you want to attract investment to your company, remember HMRC offers generous tax incentive schemes to your investors – Enterprise Investment Scheme (EIS) is designed to help qualified smaller, higher-risk companies raise capital by giving tax relief to investors. An individual investor can invest up to £1,000,000 (and £2,000,000 …
If you run a limited company and have registered as an employer, you will have been sent letters about employer pension auto-enrolment at certain staging date by pension regulators. What actions do you need to take? It depends on your company’s structure: if you hire employees, even if they are …
If you are thinking about starting your own company or leaving your permanent role and taking on a contract role, and you are wondering what the tasks are to fulfil the tax and reporting requirements, here are a list of things you need to do and by when: Register a …