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HMRC Digital Tax System: How Small Business Accountant Will Help You. HMRC is changing the way that you report your business profits. Tax Digital rule is coming soon. For the self-employed and for property landlords the cash reporting rules changed from April 2017 VAT registered traders will have to report to HMRC under a new […]
HMRC VAT flat rate scheme HMRC recently came up with a new rule for those businesses who have been using VAT Flat Rate Scheme(FRS). From now on limited cost traders (LCT) must use an FRS percentage of 16.5%, rather than the normal flat rate for their trade sector. To avoid being categorized as an LCT, […]
Tax basics for directors of one-man-band Limited Companies When you start to trade or work via your own company, you will be liable for a number of business taxes, in addition to the individual taxes you will already be familiar with when you had a permanent job. Corporation Tax. All companies pay a tax on […]