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Frequently Asked Questions

Business

I’m owed a large debt – should I hire a Debt Collector?

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How can I protect my business?

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When should I hire an accountant?

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Contractors

What are my options for being paid as a Contractor?

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What insurances should I have as a Contractor?

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Can my Contractor wife and I use the same Company?

Read all Contractor Insights

Expenses

What is the special 24 month rule on working overseas?

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Can I claim expenses for doing business admin at home?

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Can I claim my new computer as a business expense?

Read all Expense Insights

Landlords

What expenses can I claim against my rental income?

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What is the HMRC Buy to Let Amnesty?

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What are the new tax rules on landlord’s mortgage interest?

Read all Landlord Insights

Pensions

What’s the impact if I over fund my pension?

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What is the tax relief on pensions?

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What does a ‘tick’ towards the state pension mean?

Read all Pension Insights

Tax

What is the history of corporation tax rates?

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Is there any income that is tax free?

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What are HMRC Payments on Account in January and July?

Read all Tax Insights

VAT

Which is best for VAT – Cash or Invoice based Accounting?

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How will MTD affect my VAT registered business?

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Are there benefits in being VAT registered?

Read all VAT Insights

Our Latest Insights

What to do when you receive a VAT assessment

Jun 13, 2019 | VAT

The reason for HMRC sending you an assessment is that you are late submitting your Vat Return. If you pay the assessment you could wait a very long time for them to correct the amount after you send in your Return, which is especially annoying if they owe you money!...

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Should we set up our family business as a Partnership?

Jun 7, 2019 | Business

There are many reasons for not choosing a Partnership in your position, for instance: They are less tax efficient than Limited Companies Partners must pay Class 4 National Insurance All Partners are responsible for all debts Partnerships can result in disagreements if...

read more

Ask AMS Videos

In 2007 we had the idea of publishing short articles in the local press which could be useful for small businesses. Our approach was to answer questions frequently asked by our clients with clear and genuinely helpful answers.

The natural progression was to produce videos and since 2015 our video library has increased to over 80 videos in 7 different categories.

We make every effort to stay relevant to small business and contractor issues – hopefully you will find them useful and easy to understand!

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If you are a small business or a Contractor – we are here for you. We will help you through all stages from setting up to reviewing your existing business – making sure that you have the most tax effective structure.

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