Our Blog
We’ve got lots of useful articles to help you run your business.
Read them below.
What are the pros and cons of the VAT flat rate scheme?
What are the pros and cons of the VAT flat rate scheme? The flat rate scheme offers VAT registered traders who meet the eligibility conditions a simpler way to work out the VAT that they need to pay over to HMRC. However, while it may save work, it may also cost more...
What are the changes to National Insurance for the self-employed?
What are the changes to National Insurance for the self-employed? If their profits are high enough, the self-employed pay two classes of National Insurance contribution – Class 2 and Class 4. Class 2 contributions are flat rate contributions of £3.15 per week for...
What are the different tax rules for letting property?
What are the different tax rules for letting property? From a tax perspective, all lets are not equal, and the rules that apply to furnished holiday lettings are different to those applying to traditional buy-to-lets. Buy-to-let Under a traditional buy-to-let, a...
Is paying mileage allowances at the approved rate still a good idea?
Is paying mileage allowances at the approved rate still a good idea? Where an employee uses their own vehicle for business journeys, their employer can cover the associated costs by paying a mileage allowance. As long as the allowance does not exceed that payable at...
How do I use the Capital Gains Tax land and buildings toolkit ?
How do I use the Capital Gains Tax land and business toolkit? HMRC produce a number of toolkits which highlight common errors found in self-assessment tax returns. As the name suggests, the Capital Gains Tax land and buildings toolkit highlights key errors commonly...
How do I spend my tax-free savings income?
How do I spend my tax-free savings income? There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the options depend on the nature of the savings and the saver’s other earnings and marginal rate of tax. Savings...
How do changes to National Insurance Contributions affect you?
With changes happening to National Insurance Contributions, you must ensure you know how it will affect you! If you are self-employed, you already pay your National Insurance differently but, now your threshold is changing, you’ll need to know all the changes. In our...
JDA Insider – July 2022
Welcome to the July 2022 issue of our Insider Magazine. This is our monthly magazine that will keep you up to date on everything you need to know within the business finance world. You can download the July issue of our Insider Magazine here The articles covered in...
Why are ‘Phoenix companies’ treated as income rather than a capital gain?
Why are 'Phoenix companies' treated as income rather than a capital gain? In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed to be income distributions and taxed accordingly. However, payments...
How do HMRC conduct tax investigations?
As a business owner, you always want to ensure you know what to do if your business comes under scrutiny. Therefore, it is always helpful to always understand the HMRC process, even if you play by the rules! In our latest guide, we’ll highlight some areas to consider....
What tax relief can you get when working from home post COVID-19?
What tax relief can you get when working from home post COVID-19? The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to work from home...
Are you associated with Corporation tax?
Are you associated with Corporation tax? The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend on the level of its profits, and also whether or not it has any associated companies. Briefly, from 1 April 2023,...
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JDA Insider – August 2020
Welcome to the August 2020 issue of our Insider Magazine. This is our monthly magazine that will keep you up to date on everything you should know about within the Business finance world. You can download our August 2020 issue of our Insider Magazine here...
How do I use trusts and pass on wealth?
There are actually many ways that you can reduce inheritance tax payable when you pass on wealth. However, some of the people that are extremely wealthy might find that this is not enough. The control that trusts give you over who receives your wealth, and how it...
JDA Insider – July 2020
Welcome to the July 2020 issue of our Insider Magazine. This is our monthly magazine that will keep you up to date on everything you should know about within the Business finance world. You can download our July 2020 issue of our Insider Magazine here-...
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