≡ Menu

Ask the Experts

Readers Question: I do fostering and am classed as self-employed and I have an accountant that deals with my accounts and also my personal allowances with the tax office. I am thinking of running a property business – buy to let and set up a limited company. Will I need a different accountant to deal with my small business company hence 2 accountants?

[continue reading…]

Readers Question: Just completed my first “job” as an LTD company, providing professional services. The work was done over a 4 month period in New Zealand and my invoice was submitted to a 3rd party UK agency, net of 15% New Zealand tax. How do I go about proving to HMRC that tax has been deducted and also how to pay the balance of 4% tax owing?

[continue reading…]

Readers’ question: I am a shareholder in a limited company and receive dividends as payment each month. I am being taxed by the company at 20% as corporation tax before they pay the dividend and then paying up to 32.5% tax as I am a higher bracket taxpayer. So, on the majority of the dividend, I am paying 52.5% tax – is this correct?

[continue reading…]

Readers’ question: I’m looking into starting a small business and I’m still not sure what the main differences between a sole trader and limited company are with regards to tax implications. What is the more tax beneficial method of running a business?

[continue reading…]

Readers’ Question: I’ve just completed a job for my first client and I need to invoice them but I don’t know where to start. How do I write an invoice and what should I include?

[continue reading…]