Feature Archive

If you have recently started trading as self-employed, your first income tax bill will be due in the January following ...

HMRC’s definition is “a property rented out by at least 3 people who are not from 1 ‘household’ (for example ...

Over the last year or two, and partly to remove some taxpayers from the Tax Return system (because they cost ...

If you are working overseas and pay tax there, you can usually claim what is called a Foreign Tax Credit.

VAT registration is a problem for small businesses who sell to the general public.

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

Every person who is resident in the UK is given a personal allowance each tax year. It operates as follows:

On Wednesday, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government support. He ...

Common expenses that can be claimed against rental income are: mortgage interest - even though there were new rules in ...

Limited Companies in the UK are generally limited by shares representing the ownership of the Company. So if the Company ...

Generally speaking, you get a bigger state pension for each year in which you pay National Insurance contributions. But sometimes, ...

There are 3 tax advantages for small Limited Companies over Sole Traders and Partnerships. There is no National Insurance to ...

We’ve worked with 1000’s of Freelancers since 1995 and our clients come from all industries all over the UK.

On Monday 5th May 2020, the Government launched a new type of loan to help small, UK-based businesses, which have ...

If you rent out a residential property, HMRC will want to know the total amount received and the expenses you’ve ...

At AMS we have tried to make sense of, and put some detail on, the recent Government measures that have ...

For a couple of years I have been saying that electric cars for Company owners are tax efficient with 100% ...

I have a client who came to us for help in 2018 – with her tax return with some letters ...

The Construction Industry Scheme is a scheme that applies to payments to self-employed workers and businesses in the Construction Industry. ...

IR35 came into law in 2000 to attack ‘disguised employment’ – but become much more wide-ranging. Over time it ...

We now know what the Budget will bring in the short and medium term. As predicted, emergency measures were put ...

Watch out if you sell a property after 6th April 2020!

An LLP or Limited Liability Partnership has some things in common with a Partnership but, like a Limited Company, it ...

Watch out if you sell a property after 6th April 2020!

A Shareholders’ Agreement is a private agreement – generally drawn up by a lawyer - between some or all of ...

You can be caught by IR35 and the 24 month rule – but there is no connection between them.

VAT advice for small businesses – when your turnover reaches £85,000 in any rolling 12 month period, you must register ...

First of all, I would say read the guidance notes – and if you still need help, see an accountant. ...