Debt is a major concern for any business owner whether you are running a small start-up business or a large well-established company. But sometimes it is difficult to know which loans to pay off...
If you run a small business it is important to develop good bookkeeping habits from day one. This will make it simpler to manage your business finances, which will save you time and money.Poor...
Many people, especially in the IT business, work as self-employed contractors through a personal service company (PSC). This can create a tax-efficient way of offsetting tax liability by claiming...
Value Added Tax (VAT) in the UK is a tax applied when goods or services are provided by a company. So a business buying products will be charged VAT by the supplier and then will charge VAT to their...
It is easy when starting a small business to spend the initial investment funds on all the fun things like a new website, new products, advertising and marketing literature. But what happens when you...
There are a number of different ways to devise a tax-efficient method of extracting profits from a small business. The best way to do this for each business may vary so it is always worth talking to a...
We have all heard of successful businesses that started out in the garage or at the kitchen table. Many internet businesses can be up and running with no stock and only 1 employee. But anyone running...
There is absolutely no denying that taxes are a fact of life. Taxes affect every American in various aspects of their lives. Be it running a business, having a fixed income, investing, making a major...
It goes without saying that for any business, irrespective of the size or the industry it belongs to, accounting and bookkeeping services are much more than a mere necessity. Keeping financial records...
If you rent out an apartment or house for some length of time then it is likely you will have to repair or replace certain items during a tenancy. Youwill beable to offset against tax certain costs...
Even if you are not familiar with the term Private Residence Relief (PRR) it is likely that, if you are a UK resident, you know what it means in practise; and that is simply that you will not have to...
The Guardian newspaper reported recently that the small European state of Luxembourg has been assisting some of the world’s largest multi-national companies to avoid paying larger amounts of tax to...
We have all heard about some of the aggressive tax avoidance schemes being used by multi-national corporations such as Starbucks, Amazon, IKEA and Google. We've heard how extremely low tax rates in...
TheTax Gapoccurs in almost all economies because of both legal and illegal activities; it is the difference between the amount of tax that a country's tax authorities believe they should be able to...
Inheritance Tax is the tax that needs to be paid on the property and possessions (the "estate") of a person when they die if the value of their estate exceeds a certain limit. That limit, in the UK...