Tax Free Income #AskAMS

Yes is the short answer. You certainly must sign up for self-assessment with HMRC if you earned more than £1,000 ...

This month’s blog post from Emma Lord Photography considers something which can be a difficult subject for small business owners. ...

What HMRC are doing to encourage Landlords to come clean.

How investments in Bitcoins may be taxed in Companies and on individuals.

One of the big problems facing small businesses, that make sales to the general public, is how to cope when ...

If you want to be ahead of the game submit your Income Tax Return ASAP.

Find out if you qualify for the Marriage Allowance; the rules and how to claim it.

Sole Traders vs Limited Companies and the differences when claiming actual costs vs mileage.

As electric cars (or hybrids) become cheaper and more accepted, many more will be bought to use as company cars. ...

An introduction to Limited Company Dividends and steps to take when paying them out.

I assume you intend to minimise tax by shifting dividend income from your tax return to your child - I’m ...

An opinion piece on how National Insurance is often ignored despite being an important and costly tax.

One of my biggest customers has gone bust – owing me a lot of money – can I recover the ...

Explaining how businesses selling to consumers can delay having to register for VAT.

Peter shows how it is easy to set up as a Sole Trader, how you would be taxed, and the ...

Advice on starting a new business that is not VAT registered when you are already VAT registered.

A Limited Company is a legal entity. Formation, taxes and saving on personal taxes are also described.

There are generally two reasons to register for VAT:

Here are a few of the things that small business owners often overlook.

Step by step guide on the basics of completing a VAT return.

How ownership of a company is represented by the shares held by each shareholder.

Fixed Assets, particularly Tangible Fixed Assets and their value in the Balance Sheet and Depreciation.

Peter describes the pros and cons of a Limited Liability Partnership (LLP), including comparisons with a Limited Company for tax ...

An introduction to the various types of insurances that a Freelance Contractor should have, depending on their contract.

An introduction to the insurances that every Freelancer should have.

Our profit is much better than last year. My Co Director and I were thinking of paying a bonus. What ...

An introduction to Limited Company Shares and rights for shareholders.

Commenting on the latest inflation figures, Phil Smith, Managing Director at Business West, said:

Expenses that you claim on top of fuel while you are working away.

Guide for shareholders on tax rules for pay outs when winding up a Company.

Identifying what can and cannot be claimed as an expense when renting out a property to help minimise tax.

I opted out of receiving Child Benefit but my actual income is lower than I thought – what should I do?

Splitting ownership of a property will have different tax implications, depending on whether the owners are married or business associates.

Explaining 3 options plus pros and cons when being paid as a Freelance Contractor: Agency payroll; Umbrella or Personal Service Company.

Should we set up our family business as a Partnership?

If your Agency refuses to pay VAT on your rechargeable expenses – here is what you should do...

When to register and the advantages and disadvantages of being VAT registered.

I’ve heard that an LLP is a good solution for me and my business partner - is this so?

When your turnover reaches £85,000 it’s vital that you register for VAT.

This video describes the positives and negatives of changing the date of a Company accounting year end.