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Related UK Tax Questions
My friend would like to change from sole trading to Ltd, is
HelloMy friend would like to change from sole trading to Ltd, is there any way how to do this in the tax most optimal way (selling sole trading to Ltd) ...? Thank you… read more
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Please, could you advise me on this?If friend (runs Ltd) has
HelloPlease, could you advise me on this?If friend (runs Ltd) has taken salary £8000 annually and if he invested £17 000 into the business at the beginning ( and still has this 17K on his DLA not take… read more
taxadvisor.uk
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Please, can you tell me, is this new introduced Bounce Back
HelloPlease, can you tell me, is this new introduced Bounce Back Loan for Sole Traders as well?… read more
bigduckontax
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Please, can you advise? If company receives Grant for
HelloPlease, can you advise? If company receives Grant for Retention Scheme - to cover wages - should this be on income account or on liability account (is this taxable)? And if company receives grant… read more
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Please, can you help me to understand what Rishi Sunak just
HelloPlease, can you help me to understand what Rishi Sunak just said about help for self-employed? So he said: " HMRC will use the average trading profits from tax returns in 2016-17, 2017-18 and 201… read more
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Please, could you advise, how to calculate penalty
HelloPlease, could you advise, how to calculate penalty percentage for late notifying HMRC ( for sole trader tax return )? Thank you… read more
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Having retired I run a part-time business as a sole trader
Having retired I run a part-time business as a sole trader making a steady but small profit. I have recently formed, with my daughter, a limited company in order for her to take over the management of… read more
TaxVince
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Hello, I have just calculated my income for the period April
Hello, I have just calculated my income for the period April 2012 - April 2013. I am a self employed sole trader which supplies Children's Puppet/Theatre Shows. My agreed contracts until the end of th… read more
taxadvisor.uk
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Hi, I am currently employed and pay income tax at 40% but I
Hi, I am currently employed and pay income tax at 40% but I am also trying to start my own business (whilst still carrying on with my day job). Can anyone advise me on the most tax efficient way to do… read more
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My wife is a self employed Consultant. She is VAT registered.
My wife is a self employed Consultant. She is VAT registered. Her 2010/11 net profit was £76k and her 2011/12 net profit is likely to be around £85k.Overall income is around £100k plus VAT. Would she … read more
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If an individual pays rent to a limited company, would it be
If an individual pays rent to a limited company, would it be more beneficial to set up a new limited company to pay rent from it?… read more
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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
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what are the most common cost analysis calculations that self
what are the most common cost analysis calculations that self employed people should do in order to help them with their business?… read more
mark25551
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Myself and my wife are looking to purchase a cafe/bistro.
Myself and my wife are looking to purchase a cafe/bistro. I will be continuing to work full-time with my current employer, my wife will be working in the cafe full time. I am a 40% tax payer. Expectin… read more
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i have just bought 20 acre of arable land tl start a goat farm.
i have just bought 20 acre of arable land tl start a goat farm. will i pay tax on this and am i better buying separate or though the bussiness… read more
Sam
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I have filled in my tax form online and it has been sent.During
I have filled in my tax form online and it has been sent.During the tax year I had 2 buisnesses.One made a profit if 12k and one made a loss of 11k.My total earnings for the year were £1k.However I ha… read more
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i have a total taxable income of 30000 2009/2010 and i have
i have a total taxable income of £30000 2009/2010 and i have made a gain of £50000 2010/2011 from a property and i am thing of buying/renovating and selling some more properties. what would be the bes… read more
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i am thinking about starting a business paying myself 400 pounds
i am thinking about starting a business paying myself 400 pounds a week. would i only pay tax on this amount or would the business as a whole be taxed on total income, also how much national insurance… read more
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