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WHAT IS SEIS? This is a scheme launched by the UK government to encourage investors to set up small and early stage companies. It was introduced on 6th April 2012 as a way of enticing taxpayers to invest in early stage and small business. The Seed enterprise investment schemes (SEIS), differs from the Enterprise InvestmentRead more

Enterprise Investment Scheme The Enterprise Investment Scheme (EIS) is a series of UK tax reliefs designed to help smaller higher-risk trading companies to raise finance. The EIS differs from the Seed Enterprise Investment Scheme (SEIS) and offers both income tax and capital gains tax reliefs to investors who purchase new shares in qualifying companies. InvestingRead more

Moving to contracting is always a scary affair that puts off many potentials. This is so because finding all the vital information about this business has been a daunting task. This article has been compiled to guide anyone looking to make a move into contracting. If you are a freelancer, interim manager, consultant or aRead more

Pension Contributions Saving for the future is a vital consideration- with more people living longer the need to have an effective pension is even more crucial. However while it is massively beneficial to have a secure pension that you regularly pay into it is also possible to get tax relief through the pension contributions youRead more

Why look for Specialist Contractor Accountants? Choosing the best accountant for yourself can be a confusing enough task as it is. Finding specialist contractor accountants can be even harder. Especially when you are just starting out and may not know what you are doing. Nowadays, so many accountants blindly claim that they offer the bestRead more

Incorporating a Company There are three legal structures of starting a business that are recognised in the UK; sole trader, partnership, and a limited company. Whichever structure you select, it’s always wise to go for the one that suits you best because it might predetermine the success of your business. Here we briefly outline theRead more

PAYE FORMS The Pay as you earn (PAYE) system is a way used by the pension provider or employer to calculate and deduct income tax & NI (national insurance) contributions. PAYE deductions are made before a salary or wage is paid to an employee. The pension provider or employer is aided by a tax codeRead more

What is Capital Gains Tax? A capital gain or loss is the difference of what an asset cost you and the value you receive when you sell or dispose it. In a gain the value of disposing or selling the asset is higher than what the asset cost you. The tax paid on capital gainsRead more

What is the Self-Assessment Tax Return? Your self-assessment tax return is a system used by the HMRC to collect tax from certain taxpayers. Under this system, the tax return (SA100) must be completed yearly and taxpayers’ details like their income, capital gains, claim allowances and reliefs must be clearly shown. When completing this legal document,Read more

As an employee working for an employer there are different tax implications that you would be liable for as an employer or contractor. In this article we are going to look at what you need to be aware of, both in terms of what you could potentially charged on what you earn but also possible benefits.Read more