Buying a franchise – limited company or sole trader?
When starting a business one of the most important decisions to get right is whether to trade as a limited company or as an unincorporated body (sole-trader or partnership). There are many factors consider, including differences in taxation. When you … Continue reading
Compulsory Online VAT Filing
Are you still sending in manual VAT Returns and paying your VAT by cheque? If so, then you need to prepare to switch to online filing as this will be compulsory for all VAT registered businesses from 1 April 2012. … Continue reading
Will I pay less tax if I held my let properties through a company?
Not if you need the cash and your highest tax rate is 40%. If you hold the properties personally, and pay tax at 40%, for every £100 of rental profits you will receive £60 in your hands. If the properties … Continue reading
Closing down your Company – Important deadline 1 March 2012
If you are in the process of closing down your company, or are thinking of doing so, you need to know about the change in the tax law from 1 March 2012. If your company has more than £25,000 in cash … Continue reading
