Month: April 2017

The Chancellor announced two increases in Class 4 NI contributions for the self-employed in his budget and in the following week withdrew the increases for the term of the current parliament. His original notion was to start the process of equalising the NI contributions made…

For some time now, unincorporated businesses have been able to submit simplified accounts in order to settle their tax liabilities. The main advantage of using this system is that income and expenditure is based on money received from customers and money paid to suppliers. In…

The new, 12 sided coin became legal tender from 27 March 2017. Businesses that deal in cash transactions, or use equipment that accepts the £1 coin should take note of the following: The 28 March 2017 to 15 October 2017 is nominated as the co-circulation…

Clients often ask if working from home is going to create issues from a tax point of view. There are a number of scenarios to consider. Employers’ obligations to employee homeworkers: Equipment, services and supplies Employers that provide equipment, services and supplies to an employee…