Update! As of the 23rd September 2022 it has been announced that the Dividend Tax rise for 21/22 will be reversed for 22/23. National Insurance rise It may have been easy to miss with all the hullabaloo about the National Insurance rises, but dividend tax is getting raised too. The broad details of the 1.25%
September is the last month for furlough claims The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the employee’s
Abolition of Basis Periods Along with the impending introduction of Making Tax Digital (MTD) for unincorporated businesses and landlords the government made a significant announcement on 20 July that they would abolish basis periods for unincorporated businesses for the 2023/24 tax year to simplify MTD reporting. That change would apply to sole traders, partnerships, as
Is it better to trade as a sole trader or a limited company? Many startups start as a sole trader and later incorporate (move the sole trader business into a newly formed limited company). Many articles on the internet discuss the advantages and disadvantages of trading as a sole trader vs. a limited company. Most
How can I save money putting a car through my limited company? The extra national insurance and personal tax created through the benefit in kind may outweigh any corporation tax and VAT savings you are going to make by putting a car through a limited company. Over the years, the exact answer to this question
Scotland Level Zero With the move to Level Zero this week Scottish businesses are still being advised to work from home where possible. Originally Level 0 contained a phased return to offices but the First Minister announced that this would be postponed due to the high levels of the virus in circulation. This is clearly
Sutherland Black Ltd. is rated 5 out of 5 based on 7 Google reviews.
