Tag: Personal Service Company

Directors Expenses
HMRC

Recording Directors Expenses Correctly

Where the expenditure forms part of the remuneration package it will be an allowable expense of the company and the appropriate employment taxes (PAYE income tax and NICs) should be paid, where relevant.

Company Formation
Our Blog

Company Formation

The starting point for dealing with companies and company directors is to remember that a limited company exists in its own right, which means that the company’s finances are separate from the personal finances of the company owners.

Making Tax Digital for VAT
HMRC

Making Tax Digital for VAT

The clock is ticking and MTD for VAT is now less than a year away. Preparations should be underway to identify and test the software that will be used to comply with MTD for VAT. Call our office today and let us advise you

Public Bodies IR35 and HMRC
HMRC

Public Bodies, IR35 and HMRC – Critical Summary

Many contractors are concerned that with the public sector already under immense pressure, they will not have the skills or resource to make such a thorough decision and instead, classifying all contractors as employed workers under IR35, is a much easier option.