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Employment status | Tax Donut

http://www.accountancysummit.taxdonut.co.uk/tax/tax-self-assessment/employment-status

Http:/ www.accountancysummit.co.uk/. Income tax allowances and reliefs. Many businesses start out as part-time jobs or hobbies that gradually develop over time into a business. Some people start off as occasional traders on sites such as eBay. Or do jobs ‘on the side’ as an extension of their 9-5 job. In these cases, it is possible to be both employed and self-employed at the same time. Work out your employment status. You are likely to be classed as an employee. Have to do the work yourself. Are paid a ...

accountancysummit.taxdonut.co.uk

Tax calculators | Tax Donut

http://www.accountancysummit.taxdonut.co.uk/tax/business-tax-planning/tax-calculators

Http:/ www.accountancysummit.co.uk/. Personal tax planning and income tax. Tax calculators can be a useful tool for tax planning and cashflow forecasting. An income tax calculator, for example, can help you estimate future tax bills while a company car tax calculator can help you compare the tax impact of different company car choices. Income tax calculators and National Insurance payments. This income tax calculator. Works out income tax and both the employer’s and employee NICs. You should not use the ...

startuploans.startupdonut.co.uk

Small business support | Start Up Donut

http://www.startuploans.startupdonut.co.uk/startup/set-up-a-business/small-business-support

Find your local enterprise agency. Set up a business. Set up a business. Registering as a sole trader. Setting up a limited company. Starting an online business. Setting up a social enterprise. If starting a business is a new experience for you, there are many things you'll need to learn. Some tasks will be easy, others seemingly impossible, but even your mistakes will offer valuable lessons. The Companies House website. Provides guidance and forms for businesses setting up, running or closing a limited ...

accountancysummit.taxdonut.co.uk

Tax planning advice | Tax Donut

http://www.accountancysummit.taxdonut.co.uk/tax/business-tax-planning/tax-planning-advice

Http:/ www.accountancysummit.co.uk/. Personal tax planning and income tax. Tax planning advice is an essential part of managing your taxes. Good tax planning advice can help you substantially reduce tax liabilities and defer tax payments. The tax planning advice you need will depend on your particular circumstances and how complicated your financial affairs are. Tax planning advice providers. Or income tax self-assessment. If there are substantial sums of money involved and complex tax issues, you may wa...

accountancysummit.taxdonut.co.uk

Personal tax planning and income tax | Tax Donut

http://www.accountancysummit.taxdonut.co.uk/tax/business-tax-planning/personal-tax-planning-and-income-tax

Http:/ www.accountancysummit.co.uk/. Personal tax planning and income tax. Personal tax planning and income tax. Personal tax planning and income tax. Income tax planning can make a significant difference to the tax you pay. By planning for income tax, you should be able to take advantage of any opportunities to minimise your tax bill. Personal tax planning can present additional options, for example in terms of capital gains tax. Planning income tax - earnings. Which can involve a sizeable tax charge.

1stopaccountancy.taxdonut.co.uk

Corporation tax | Tax Donut

http://www.1stopaccountancy.taxdonut.co.uk/tax/corporation-tax

Corporation tax reliefs and allowances. Corporation tax calculator and dates. Corporation tax is charged on a company's profits. If you trade as a limited company, you'll want to ensure that paying corporation tax is as painless as possible - both in terms of paperwork and the total corporation tax payable. In terms of corporation tax rates, the UK rate is relatively low - significantly lower than personal income tax. This can provide beneficial tax planning opportunities. UK corporation tax basics.

1stopaccountancy.startupdonut.co.uk

Start up costs | Start Up Donut

http://www.1stopaccountancy.startupdonut.co.uk/startup/financing-a-business/start-up-costs

One of the most critical pre-start up tasks is working out how much money you need to launch your business. Only then can you think about how you're going to raise it. Providing it doesn't hamper your ability to operate effectively, keep your start-up costs to a minimum. Spending more will place greater pressure on you to generate more money quicker. Saddle yourself with too much debt and you will increase your chances of failure. Keeping your costs down. You must take into account all your start-up and ...

1stopaccountancy.taxdonut.co.uk

Self-assessment tax returns | Tax Donut

http://www.1stopaccountancy.taxdonut.co.uk/tax/tax-self-assessment/self-assessment-tax-returns

Income tax allowances and reliefs. You must complete a self-assessment income tax return if you are in business, either as a self-employed person or as a company director. Simple planning and the right advice can make completing your income tax return relatively painless. Self-assessment tax return timescales. Failure to file your return and pay any resulting tax due on time will result in penalty charges. You will need to register for HMRC online services. If you are using a paper self-assessment tax re...

1stopaccountancy.taxdonut.co.uk

Self-assessment tax records | Tax Donut

http://www.1stopaccountancy.taxdonut.co.uk/tax/tax-self-assessment/self-assessment-tax-records

Income tax allowances and reliefs. Keeping proper tax records makes it much easier to manage your finances and taxes. Providing your accountant with clear, well-organised tax records will help minimise the time it takes to complete your tax return and the fees you are charged. Tax records are also a legal requirement. Tax records for self-employment. You must keep tax records that will allow you to complete your self-assessment tax return. A computerised accounting system is generally the best way to dea...

1stopaccountancy.taxdonut.co.uk

What business tax will you pay? | Tax Donut

http://www.1stopaccountancy.taxdonut.co.uk/tax/business-tax-planning/business-taxes

Personal tax planning and income tax. What business tax will you pay? Effective business tax planning relies on understanding what taxes apply and how to minimise them. You need to look not only at business taxes, but the effect on your. Which taxes apply to your new business? Business taxes apply to. Who is in business. Selling a few personal possessions at a car boot sale will not expose to you business taxes, but if you are trading for profit for example, buying in goods to sell you. The simplest way ...