|
IR35 Personal Service
Companies |
| The ‘IR35’ rules are
designed to prevent the avoidance of tax and national
insurance contributions (NICs) through the use of
personal service companies and partnerships.
|
|
| |
|
Corporation Tax Self Assessment |
| Corporation Tax Self
Assessment (CTSA) was introduced in 1999. It completed
the self assessment reforms introduced for individuals
some years earlier by extending the principles of self
assessment to company tax returns. |
|
| |
|
Corporation Tax - Quarterly Instalment Payments |
| Under corporation tax self
assessment large companies are required to pay their
corporation tax in four quarterly instalment payments.
These payments are based on the company’s estimate of
its current year tax liability. |
|
| |
|
Companies - Tax
Saving Opportunities |
| Due to the ever changing
tax legislation and commercial factors affecting your
company, it is advisable to carry out an annual review
of your company's tax position. Topics covered:
corporation tax, capital allowances, dividends, capital
gains tax.
|
|
| |
|
Incorporation |
The issue of whether to
run your business as a company or a sole trade or
partnership is an important decision. In tax terms, due
to the cumulative effect of changes to the tax system
over the last five years, there can be significant tax
savings if a business is incorporated.
Topics covered: corporation tax, stakeholder pensions,
capital gains tax, income tax, stamp duty land tax.
|
|
| |
|
Franchising |
| Franchising is becoming
increasingly popular in Britain with an annual turnover
of over £9.5 billion and over 700 franchised brands. The
business community now takes franchising very seriously
and it is accepted across a range of sectors. |
|
| |
|
The Construction Industry Scheme |
| The Construction Industry
Scheme (CIS) sets out special rules for tax and national
insurance (NI) for those working in the construction
industry. |
|
| |
|
Capital
Allowances |
| The cost of purchasing
capital equipment in a business is not a tax deductible
expense. However tax relief is available on certain
capital expenditure in the form of capital allowances.
|
|
| |
