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Related UK Tax Questions
I havent got SS question? I am a sole trader financial
I am a sole trader financial adviser, I sold a number of clients and their trail income to my limited company in Feb 2015. How do I treat this in Ltd co accounts? Can I claim for them as an intangible asset and amortise them … read more
taxadvisor.uk
taxadvisor.uk
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Hi I used to be a Residential Care Home proprietor for about
Hi I used to be a Residential Care Home proprietor for about 20 years, but also worked full time for the NHS, while my wife was employed as the Manager. The Business had two partners, myself and am el… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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I run a restaurant at an indoor bowls centre with sales below
I run a restaurant at an indoor bowls centre with sales below the VAT threshold. My partner has been offered the bar franchise also with sales below the VAT threshold. Could we run these two businesse… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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I have a small uk based business which is vat registered, the
I have a small uk based business which is vat registered, the only reason for this is because I invoice Italy and Germany , they insist I need to be vat registered for them to pay my invoice? Is this … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Currently i am employed full time and my wife is self employed,
Currently i am employed full time and my wife is self employed, but we're looking to setup a new business importing from Europe and selling in the UK. We want to continue with our current jobs, but ne… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hello I am upgrading my business from sole trader to a limited
Hello I am upgrading my business from sole trader to a limited company. I also opened a new bank account in the new company details but can I keep sole trading bank account for government payments as … read more
TaxVince
TaxVince
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I sold a farm and the increase in value over 5 years was £1,000,000.
I sold a farm and the increase in value over 5 years was £1,000,000. when the mortgage was paid off I was left with £280,000. With entrepreneurs relief I have to pay £100,000. Can i re invesst this mo… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hello As a company limited in the UK - to avoid paying UK
Hello As a company limited in the UK - to avoid paying UK tax legally - I transfer all of the profits to the US via PayPal USA business account where the US company name is XXXXX XXXXX PayPal and then… read more
mark25551
mark25551
Audit & Accounts Manager
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Hello, Is the tax rate the same for both Trading as
Hello, Is the tax rate the same for both Trading as a sole trader and Company Ltd e.g 20% [I think] to be taken out of profits made by a registered company and is that the same for a T/A?… read more
Tony Tax
Tony Tax
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High School or GED
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I currently have a domestic cleaning business and am a sole
I currently have a domestic cleaning business and am a sole trader. i am not vat registered. I hope to not need to start charging vat to my domestic customers. I am thinking about starting up a sepera… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hello, I hope someone can put my mind to rest. 1. I am
Hello, I hope someone can put my mind to rest. 1. I am in the middle of submitting the SA for a self employed builder. He puchased a van and tools in 2009/2010 which I did not claim on SA for 09/10 ,b… read more
mark25551
mark25551
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Is it tax efficient to have a 2nd company under the umbrella
Is it tax efficient to have a 2nd company under the umbrella of the 1st company (which I have a 49% director share in) or to set up an additional business as a sole trader? I run a business with my hu… read more
taxadvisor.uk
taxadvisor.uk
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Is it better to trade under a company or in my own name on
Is it better to trade under a company or in my own name on a fixed revolving annual contract.… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
I am self employed is it best for me to become a ltd company
I am self employed is it best for me to become a ltd company or a sole trader. what are the pro's and cons? If I want to stay a sole trader because of the ease of doing my accounts is there a point wh… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
As a sole trader of two business,s the first making profit
As a sole trader of two business,s the first making profit approx£100,000 per annum the other no profit most probable loss shortly becoming charity any day. How can limit the tax paid on the £100,000 … read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,188 satisfied customers
I have UK company which has not claimed capital allowances
I have UK company which has not claimed capital allowances because it has had several years of losses but now wish to claim those allowance basically plant and machinery how is this calculated… read more
Sam
Sam
Accountant
Higher Officer HMRC
16,052 satisfied customers
I am about to start as a full time trader and I like to know
I am about to start as a full time trader and I like to know if it is better for me to go as self employed or set up a company and trade under that company. What are the advantages and disadvantages o… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hi, I wonder if you could help me. I am setting up a business
Hi, I wonder if you could help me. I am setting up a business this week and need to know if Ltd or sole trader might suit me best regarding tax efficiency. The business will be a UK residential proper… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
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