The personal allowance and higher rate tax bands for the 2008/9 tax year have been changed in an attempt to make up for the abolition of the initial tax band following Budget 2008.
(Aug 5, 2008 in
Tax / Accounting
)
A look at companies who offer offshore arrangements for IT Contractors, and why you should be careful before signing up to an offshore scheme.
(Jul 30, 2008 in
Tax / Accounting
)
The CIOT calls for NIC's and income tax to be aligned, to simplify the small business tax system, and do away with the need for IR35, managed service companies, and much "income shifting".
(Jul 21, 2008 in
Tax / Accounting
)
National Insurance guide for IT contractors, including current NIC rates.
(May 21, 2008 in
Tax / Accounting
)
The Government has attempted to put right the 10% tax band fiasco by fiddling with the income tax bands to ensure that high earners do not benefit from an increase in the personal allowance.
(May 15, 2008 in
Tax / Accounting
)
A leading IT contractor accountancy firm tells us how accounting practices have been forced to change in the face of shifting tax legislation.
(May 13, 2008 in
Tax / Accounting
)
An interesting article has been published which looks at the mounting tax pitfalls which exist for owner managed companies.
(May 9, 2008 in
Tax / Accounting
)
Good news for any IT Contractors who fill in their own Self Assessment forms each year - the process is set to become a lot easier following a revamp of the current form.
(Apr 14, 2008 in
Tax / Accounting
)
Key tax tables including: Income tax rates and allowances, Corporation tax, Inheritance tax, Stamp Duty, National Insurance for the 2008-9 Tax Year
(Mar 25, 2008 in
Tax / Accounting
)
How Budget 2008 will affect IT Contractors - Income Shifting delay, Rogue Umbrella Company announcement, CGT taper relief abolition, and changes to Income Tax and National Insurance rates.
(Mar 14, 2008 in
Tax / Accounting
)
Ahead of the Budget on Wednesday, the Shadow Chancellor has called for a cut in the main corporation tax rate.
(Mar 10, 2008 in
Tax / Accounting
)
Selecting the right contractor accountant to use is an essential part of the process of starting out in the contracting world. Here are some top tips.
(Mar 6, 2008 in
Tax / Accounting
)
Draft legislation for the Government's capital gains tax "entrepreneurs' relief" concession has been published.
(Feb 28, 2008 in
Tax / Accounting
)
A useful year-end tax saving guide for contractors - including the recent CGT changes, inheritance tax, income shifting and information on the non-domicile rules.
(Feb 21, 2008 in
Tax / Accounting
)
The Chancellor has published his latest changes to the CGT regime. Now, individuals will pay 10% CGT on business asset sales up to GBP1m over a lifetime. The 18% rate will kick-in on all sales above this threshold.
(Jan 24, 2008 in
Tax / Accounting
)
With the January 31st 2008 self assessment tax return deadline getting ever closer, here are some tips to help complete your return and submit it on time.
(Jan 10, 2008 in
Tax / Accounting
)
The proposed abolition of the CGT taper relief regime has created a massive backlash from UK businesses who will face a 80% tax hike when they sell their companies.
(Nov 6, 2007 in
Tax / Accounting
)
The results of a major online poll shows than most IT contractors are still confused about expense claims.
(Oct 29, 2007 in
Tax / Accounting
)
The ICAEW has called for action to be taken over the severe delays in the VAT Registration system - many contractors are thought to have been caught up in the delays.
(Aug 12, 2007 in
Tax / Accounting
)
Key tax tables including: Income tax rates and allowances, Corporation tax, Inheritance tax, Stamp Duty, National Insurance for the 2007-8 Tax Year
(Mar 27, 2007 in
Tax / Accounting
)
Main points from Budget 2007 including Corporation and Income Tax, plus Managed Service Company Legislation
(Mar 22, 2007 in
Tax / Accounting
)
Top tips for completing your self assessment form in time for the 31st Jan 2007 deadline.
(Jan 23, 2007 in
Tax / Accounting
)
Increasing numbers of small businesses in the UK are experiencing problems with late payments. Some tips on how to avoid late paying clients.
(Nov 22, 2006 in
Tax / Accounting
)
To help you complete your Tax Return the ICAEW is giving some useful tips and advice to help you.
(Sep 19, 2006 in
Tax / Accounting
)
A leading contractor accountant warns IT contractors to beware service companies that over-promise and under-deliver.
(Jun 27, 2006 in
Tax / Accounting
)
Just in case... An overview to the processes adopted during HM Revenue & Customs tax investigations:
(Jun 27, 2006 in
Tax / Accounting
)
Handy calculator to help you work out how much VAT to charge clients based on your net billing amounts.
(May 6, 2006 in
Tax / Accounting
)
Summary of the new 2006-7 tax rates and allowances, including income tax, corporation tax, national insurance and car tax.
(Apr 1, 2006 in
Tax / Accounting
)
Can IT Contractors claim back expenses for using part of their home as an office?
(Mar 8, 2006 in
Tax / Accounting
)
Personal tax rates for 2005-6, including Capital Gains Allowance and the taxable bands.
(Feb 17, 2006 in
Tax / Accounting
)
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