ATT Member In Practice – 2016
I am a Fellow of the ATT(Association of Taxation Technicians) – the largest body in the UK for helping people with their tax, with over 12,000 Fellows, members and students. There are many benefits to using a qualified professional to
Helping people to start a business, worldwide
Earlier in 2016 I launched an online course, to help people start and grow their own small business. Many people make the same mistakes when starting out, my course is designed to help them avoid these and increase their chances
Late 2015 tax return? Daily fines are approaching
The 2015 tax return (covering the year to 5th April 2015) should have been submitted to HMRC by 31st January 2016 at the latest. Unfortunately a £100 penalty has already been incurred if you have missed this date. In addition,
2016 HMRC Tax Return Form
One of the most common queries I have from people is how can they obtain a paper tax return to complete. Unfortunately HMRC closed their local offices some time ago, so it’s not possible to drop in and pick one
New allowances for very small business income #Budget2016
In today’s budget there were two new allowances proposed to deal with people who have very small amounts of income from business. In the past you would have to prepare accounts to deal with these, and the admin costs and
Personal allowance & basic tax band for 2017/18 #Budget2016
In today’s budget it is proposed that the personal allowance will increase to £11,500 for 2017/18. It is also proposed that the basic rate limit will be increased to £33,500. As a result higher rate tax will only be charged
Reductions in capital gains tax #Budget2016
At present individuals pay tax on capital gains at two rates(when above their annual tax-free capital gains allowance): 18% if you are a basic rate taxpayer and 28% if you are a higher rate taxpayer It is planned that these
Scrapping class 2 national insurance #Budget2016
At present the self-employed pay two types of national insurance: A fixed weekly rate(class 2) if your profits are above about £6,000 and A rate on profits(class 4) if your profits are above about £8,000 It is planned that from
Free guide to setting business goals
Many people start in self-employment without a clear vision for what they want to achieve. In this guide we’ll take time to design YOUR ideal business. Click here to download the free business goal setting guide The guide is also
Free guide to business networking
Usually when people start a business they are told to ‘go networking’ to get clients, but they have no idea what is involved or how to be effective. In this free guide we’ll cover the many advantages of face to
Dividend tax changes from 6th April 2016
At present there is a notional tax credit deducted from dividends paid which covers the basic rate tax liability. In future this tax credit will no longer be paid, instead people will be entitled to a £5,000 tax-free dividend allowance
Interest tax changes from 6th April 2016
At present basic rate tax is usually deducted at source on interest received, however this is changing from 6th April 2016 onwards. In future interest will be paid with no tax deduction, instead people may be entitled to a tax-free
