Capital Gains Tax: Chattels

In continuing with the previously visited subject of Capital Gains Tax (CGT), I thought I would explain the more specific rules for “chattels”. A chattel is the legal term for a tangible, or physically touchable, moveable asset. which can cover most items with the main exceptions of buildings and shares. The term is most often […]

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Capital Gains Tax: The Basics

We’ve all had items we’ve no longer wanted, items we have sold to other people and possibly even made a profit. Normally nothing else needs to be done, but what about unusual cases such as expensive items, shares in a company or even a house? The above examples could be liable for Capital Gains Tax (CGT). CGT […]

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Which Direction? Limited Company or Sole...

Limited Company or Sole Trader

One of the biggest questions that can hold up starting your own business is whether or not you should trade as an individual (sole trader) or a limited company. In this blog I will be highlighting the differences between the two in order to help you decide which way is right for your business. A limited […]

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Employee or Subcontractor?

Employee or Subcontractor

If you run your own business and become really busy, or if there is a piece of work you cannot do yourself, often another individual who works in the same or a similar trade would be hired to help out, known as a subcontractor. This isn’t the same as taking on an employee and overall […]

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Real Time Information

Real Time Information

Since October 2013 Real Time Information (RTI) filing of payroll has been mandatory for all employers. This change is one of the more significant made by HM Revenue and Customs (HMRC) since before payroll information was filed only once per year using an end of year employers summary (P35). HMRC use RTI to help calculate […]

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