Archive for the ‘Income tax’ Category


NINO cardHow Class 4 National Insurance is restricted when a person has income from both employment and self-employment.
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CIS toolsThe approximate tax refund that can be expected when the tax return is prepared for a typical CIS (Construction Industry Scheme) subcontractor.
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Online sale“I make a small profit from buying and selling goods on eBay. Do I have to pay tax, and if so, how much and how do I go about it?”
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HMRC“I have a full-time job, but I have started doing some self-employed work in my spare time. What do I need to do about my taxes, how much tax will I have to pay, and when?”
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MoneyAs the tax year progresses, many owners of small limited companies want to know the maximum amount that they can pay themselves in dividends in the current tax year, before having to pay any higher rate tax.
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Houses and moneySome ideas on how to save tax when you have income from a buy-to-let rental property.
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NINO cardAn overview of Class 2 National Insurance, as it applies to self-employed sole traders. Details of the Small Earnings Exception, and other exemptions.
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RejectedUsually asserted to an accountant in an attempt to justify a claim for tax relief on a dubious expense, in most cases the statement is either wrong or misleading. Here are some possible explanations.
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HousesWhat with mortgage interest, repairs and empty periods to deal with, most buy-to-let property investors sometimes make a rental loss on their property. They then want to know whether they can claim any sort of tax refund or tax relief on that loss.
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Houses and moneyAs investing in buy-to-let rental properties has become more popular, we are often asked whether it is better to own such properties personally or through a limited company.
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