BOOKKEEPING Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. PAYROLL We provide all services related to payroll processing, which include calculating the employee pay. We strive to ensure that yourpayroll complies with […]
Capital Gains Tax (CGT) is payable by individuals, trustees and ‘personal representatives’ Companies pay corporation tax on their capital gains. There are annual tax-free allowances (the ‘annual exempt amount’) for individuals, trustees and PRs. Companies do not have an annual exempt amount. For individuals net gains are added to ‘total taxable income’ to determine the […]
BUSINESS RECOVERY & COMPANY CLOSURES Closing a limited company is a complicated process with numerous ways to go about it depending on the situation the company finds itself in. You need to consider whether the company is solvent or insolvent. Knowing this answer will determine the action taken when closing down the company. IR35 CONTRACT […]
Did you know HMRC no longer need a reason to open an enquiry into your personal and business affairs? HMRC are strict on tax avoidance, however they often use third-party information and automated data collection methods to set up initial reviews. You may feel that this is unfair and we understand that being under investigation […]