We look at what the VAT threshold is, what you need to do if you exceed the current limit and how to register with HMRC.
Category: Business Management
Started a side hustle? We look at hobby business tax rules, who they apply to and how to complete a self-assessment tax return if you exceed the threshold.
As with all tax rules, there are legal options that you can take advantage of to reduce your liability. Planning these in advance can make a huge difference and give you peace of mind. We look at what inheritance tax is, how it’s calculated and when business property relief applies.
We look at what the pros and cons are for buying an electric car through your business and what factors you need to take into consideration.
We look at a range of ways you can legally take money out of a limited company and how splitting your income between the different options available can be more tax efficient.
Wondering which business structure is best for you? We a compare umbrella company vs limited company.