Archive I’ve been over the VAT threshold for over 6 months without registering – what should I do? The Importance of Business Plans – even when you are already trading Can I give shares in my Company to my child? Car expenses: Sole Trader vs Limited Company Can I give my house to my children to save IHT and avoid nursing home costs? Car expense issues – the 24 month rule. The Marriage Allowance What are my options for being paid as a Freelancer? Cars – Should you buy via HP or lease a car? And how to understand the agreement you have. Company shares - how do they work? Is your business healthy? How to protect your business Best Share Split for Spouses What are the benefits in being VAT registered? Can you explain 24 month rule? I’ve heard that an LLP is a good solution for me and my business partner - is this so? My sole-trader printing business is VAT registered and I'm also setting up in video production. Can I keep the video production separate and not charge VAT on its sales? What to look for in a Freelancer contract. What is a Sole Trader? My boyfriend asked me to be a Shareholder in his small Company – why would he do that? A huge danger for small businesses is the risk of having to cease trading instantly. Tax free income Can I employ my son and daughter in my new business? See your accountant ANNUALLY to plan going forward and find tax efficient ways to pay money out from your business. I pay National Insurance in my job and also on my self- employed work, is this right? How to delay registering for VAT One of my biggest customers has gone bust – owing me a lot of money – can I recover the debt / reclaim the goods? My boyfriend is giving me shares in his Company – does this save him tax? When one of your customers goes bust owing you a lot of money Tax laws on winding up a Limited Company What expenses aren’t tax deductible? What is the best tax solution for splitting ownership of my property? Car expenses: Pool cars If you want to be ahead of the game submit your Income Tax Return ASAP. Essential addresses for Limited Companies National Insurance the hidden tax HMRC Buy to Let Amnesty How Gift Aid works What expenses can be claimed against rental income? What does the ‘Personal Tax Allowance’ mean? We’re planning a big BBQ for clients and our staff, can we claim any expenses for this? Companies and business addresses Rules for leaving the Flat Rate VAT scheme. I earn less than £10,000 self-employed. Do I have to register for anything? HMRC’s Let Property Campaign What does it mean to get a ‘tick’ toward the state pension? Tax Relief on Pensions Explained. Should I set up as a Sole Trader for my new business? National Insurance is the hidden tax When should I hire an accountant for my new business? Tax on Bitcoins Do I need CIS if I employ my mates to work on conservatories? Insurances that a Freelancer should have Are you a Freelance Contractor? ‘Market Value’ rules when transferring a buy-to-let to a Limited Company. Working overseas and the 24 month rule MTD for VAT registered businesses with sales over £85,000 Why did my boyfriend ask me to be a Shareholder in his small Ltd Company? I'm a freelancer how do I close my Company? How to handle rechargeable expenses when invoicing your agency Can I pay my pension contributions through my Company? Freelancers, salaries, dividends and tax. Are there rules for giving mobile phones to my staff? If you can't pay your Company taxes do this. Flat Rate Expenses when working abroad Can I protect my Company from losing assets – I’m a builder? What to do when you receive a VAT assessment Find out whether you have to submit a Tax Return The tax timetable for electric cars I’m employing someone for the first time – what should I do? I use my car for my self-employed business – it cost £5,000. Can I claim tax relief? Tax relief on Pension lump sum withdrawals As a Director of my own Company. I’ve paid myself the ‘minimum wage’ and National Insurance, can I claim Statutory Maternity Benefits? I supply goods to a small business that is VERY slow paying me, HELP? Our profit is much better than last year. My Co Director and I were thinking of paying a bonus. What is the best way to do this? Be careful when you issue Company shares on forming a Company and how to cancel the shares Which is best for VAT - Cash or Invoice based Accounting? My business partner spent all the profits from our business – does this mean I will have to pay the bills? I have just started renting out a property. What do I need to do regarding tax? Limited Company Director – what are the advantages? What is a Partnership? What are the UK rules re tax on foreign earnings? What is an LLP? Directors Loan Accounts – what happens when you borrow money from your Company Account. Can my business save tax by sponsoring my son’s Sunday league football team? Principal Private Residence rules.