Enterprise and Seed Enterprise Investment Schemes

The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) were set up to encourage investment in riskier smaller businesses. The tax advantages on offer can be quite significant. In this article we explore the rules to qualify for the schemes and the benefits they can bring. EIS SEIS Income Tax relief for investors […]

Making Tax Digital

There are no immediate plans to submit every single transaction included in the business records to HMRC, but MTD lays the technical groundwork for this development in the future.

Should I move my buy-to-let properties into a company?

Since the former chancellor George Osborne introduced cuts to landlord tax relief thousands of landlords have seen their costs rise and are looking for ways to mitigate the hit. The limited company route was touted as the solution. So is it? Here’s what the government has done as part of their buy-to-let clampdown: Phased out […]

Employment and Self-Employment

A quick look into the complicated and increasingly fuzzy differences between employment and self-employment. The tax position Overall, the self-employed enjoy tax advantages compared to their employed colleagues. A self-employed worker pays lower rates of national insurance (at the time of writing: 9%, or 2% on earnings above £46,350). There is no benefit in kind […]

Making Tax Digital

What is making tax digital for business? It’s a government scheme to change the way that accounting information is recorded and transmitted to HMRC. How does it affect my business? The earliest impact on businesses will be the requirement for VAT registered businesses to file their vat returns using Making Tax Digital (MTD). This means […]