3 Nov 2019 | Start-ups, Trade
Over the last decade, corporation tax rates for most companies – irrespective of size – have fluctuated between 19% and 21%. The main rate of corporation tax is expected to be cut to 17% from April 2020. Current corporation tax rates are still pretty favourable...
21 Oct 2019 | Individuals, Start-ups, Trade
Did you set up your own business? In the early days, did you torture yourself with those heady 25-hour days? And those sleepless nights too? Was it the excitement or the fear that kept you awake? Either way, that rollercoaster they call ‘starting your own business’ is...
14 Oct 2019 | E-commerce, Start-ups, Trade
Once a business is up and running, the next major administrative area to be faced often concerns the subject of VAT. At first glance, it looks complicated – not to mention time-consuming – particularly for small businesses. However, taken one step at a...
7 Oct 2019 | E-commerce, Start-ups, Trade
As long as HMRC can be satisfied that a business is being run on a commercial basis with a view to making a profit, they will usually allow taxpayers to claim tax relief for a trading loss in one tax year against other taxable income (for example PAYE income or a...
16 Sep 2019 | E-commerce, Start-ups, Trade
For personal and family companies it can be beneficial to extract some profits in the form of a salary. Where the individual does not have the 35 qualifying years necessary to qualify for the full single-tier state pension, paying a salary which is equal to or above...
