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If your income exceeds £100,000 you will already be paying tax at 40% – this begins when taxable income exceeds £31,785 – but your personal allowances are also clawed back by £1 for every £2 by which your adjusted net income exceeds £100,000.
Published in Accountancy & Tax
Wednesday, 17 June 2015 08:33

HMRC Targets Etsy, eBay and Gumtree Sellers

Whilst this isn't new news (they started a push in 2012), HMRC are now stepping up a gear!
Published in Accountancy & Tax
Wednesday, 03 June 2015 08:43

The Myths Of First Year Profits

Many people starting up in business are under the false impression that they don’t pay tax on their first year's profits. I have heard this more times than I can count from people in the infancy of a business so I thought it would be good to set the record straight.
Published in Accountancy & Tax
Wednesday, 18 March 2015 07:44

Still Time To Save

The end of the tax year is just a few weeks away but it may not be too late to save yourself some tax.
Published in Accountancy & Tax
Tuesday, 24 February 2015 00:00

Marriage Is About To Become More Attractive !

Marriage is about to become more attractive from 6 April 2015 - well financially at least!
Published in Accountancy & Tax
Wednesday, 18 February 2015 00:00

To Be Or Not To Be... Flat Rate VAT?

Usually, how much VAT a business pays or claims back from HMRC is the difference between the VAT they charge their customers and the VAT they pay on their purchases.
Published in Accountancy & Tax
Matt and Phillip were in business together with a company valued at £1.8m.
Published in Accountancy & Tax
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