sole trader looks pleased
Tax Saving Accountants

Advantages of being a Sole Trader

The Benefits of being a Sole Trader Have You Considered Starting Your Own Business? Starting Off As A Sole Trader Is One Of The Most Popular Choices For Many Reasons… When opening your own business, you might have given some thought and consideration on becoming a sole trader, also known as a sole proprietor. It […]

Tax Saving Accountants

Facebook’s Tiny Corporation Tax Bill

Facebook Is Not Profitable In The UK Year after year, we have dealt with countless headlines of massive multimillion companies dodging their UK tax payments and saving millions. Facebook is the latest company in the spotlight; currently, the company pays less tax than the average UK employee. How Has Facebook Managed To Pay Less Tax? […]

Tax Saving Accountants

Tory Working Tax Credits Cuts will Leave you Worse Off

A new study was conducted by the Resolution Foundation think-tank, which was released the day after David Cameron promised an “all-out assault on poverty” at the Manchester Conservative Conference. The study found that, in spite of a higher National Living Wage, the Working Tax Credit cuts would mean 200,000 children, predominantly from working households, will […]

Tax Saving Accountants

Conservatives are rattled by Jeremy Corbyn and the Labour Party

The born republican Jeremy Corbyn has caused quite a stir in the political world. He has rattled the conservatives ever since he became the new leader of the Labour party, with his views and policies championing for the middle and working class. He addresses the issues of inherited wealth and inequality and has a strong […]

Tax Saving Accountants

Labour Plans Tax Raids for a ‘Redistribution of Wealth’

Labour will soon be unveiling their plans for a “redistribution of wealth” with an attack on British business and a series of tax raids on the middle class. Shadow Chancellor John McDonnell will be using his first conference speech to talk about a potential “Robin Hood tax” when it comes to stock market trading. Meanwhile, […]

Tax Saving Accountants

Do Changes To The Inheritance Tax Limit Mean Changes To Your Will?

Thousands of families in the UK will need to make significant changes to their will or risk missing out on the new allowance for inheritance tax. Many of these people originally set up discretionary trusts in order to have a tax-efficient way to leave property to their children. Accountants have warned that changes to the […]

Tax Saving Accountants

Planned Welfare Cuts Divide Labour Party

The Labour Party is currently disagreeing over whether they should support some of George Osborne’s planned welfare cuts. The cuts were recently unveiled in Mr Osborne’s Budge speech, and acting labour leader Harriet Harman was subject to a backlash on Monday at a meeting of Labour MP’s as she urged the party to avoid the […]

Tax Saving Accountants

Tax changes to Pension mean Windfall for the Treasury

New changes from pension systems which allow Brits to cash in their savings may end up providing an extra tax windfall when it comes to the Treasury. Since April this year, those over 55 have been able to choose to take their pension in cash, instead of buying an annuity in order to provide income […]

Tax Saving Accountants

David Cameron says UK needs to Lower tax and Lower Welfare

David Cameron has recently promised to end the “merry-go-round” which happens when low income earners are taxed and then handed back money in benefits. David Cameron says “UK needs to Lower tax and Lower Welfare”. He says it’s wrong to try to treat the symptoms of the economic and social problems that the UK faces, […]

Tax Saving Accountants

Miliband Calls for HMRC To Be Independently Reviewed

Momentum is currently growing for an independent review of HMRC, after Paul Aplin (Chairman of the tax faculty committee at the Institute of Chartered Accountants in England and Wales) suggested that HM Revenue and Customs be reviewed in an effort to improve its current performance. Labour leader Ed Miliband has committed to an independent review […]

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