Accountants are among our favourite clients, we know how much fun they can be, and we wanted to dispel the myth that they are less than exciting, so here are 10 fun facts we have found about noble accountants. In 1928 Accountant Walter Diemar created Bubblegum. It was coloured pink as this was the only …
8 Fun Facts even Accountants don’t know about Accounts Read More »
There is no doubt that freelancers and contractors are the backbone of the UK economy. This is a sentiment has been echoed by the government many times during the past year. As redundancies continue across many UK industry sectors, the choice to diversify into freelance or contracting work is a path that many are considering. …
What is in store for Contractors and Freelancers in 2021? Read More »
2020 has thrown some interesting challenges at businesses across the UK, particularly for the Accounts, Payroll and Recruitment sectors who have had to deal with the ever-changing Corona Virus Job Retention Scheme among other things. As we move into the New Year, we know with certainty that from 6th April 2021 every large and medium …
It is perfectly legal and relatively straight forward for you to transfer to, or purchase property with, an offshore company. This is a method that has been used for many years. In order to prevent the Offshore Company being classified as a property trading company (and therefore being subject to tax on profit and capital gains in …
Limited Companies and LLPs share many similarities, particularly the reduced financial responsibility of the owners. However, they have key differences, namely: Capital investment opportunities. Flexibility of internal structure and members’ rights. The allocation and taxation of business profits. Choosing the most appropriate legal structure will depend entirely upon the kind of business you currently have, …
What is the difference between Limited Companies and LLPs Read More »
The process of setting up an Offshore Company (i.e. a company that is registered in a country other than the one in which the Ultimate Beneficial Owners live) is very straight forward, and depending upon the jurisdiction chosen, can be very quick. 1. Choose your jurisdiction Arriving at a decision as to which jurisdiction suits …
It is extremely common these days for businesses operating globally to have companies incorporated in multiple countries. It has also been possible to maximise tax savings by operating businesses in this way however it is essential to be mindful of Controlled Foreign Corporation (CFC) regulations that apply. CFC rules apply to certain income generated by …
An Offshore Company is simply a company established outside of the country in which the Ultimate Beneficial Owners live. Despite living in a highly connected world, many people are still unaware that they are not restricted to having using a company, or banking, in their home nation. There are many advantages to operating an Offshore …
Yesterday the Chancellor announced new measures to help further contain the economic impact of Covid-19. We’ve rounded up some of the key points for you. Job Support Scheme In replacement of the Job Retention or ‘Furlough’ Scheme, the government announced that they will directly support the wages of individuals in ‘viable’ jobs by introduction of …
One of the key reasons to consider using a limited company as a buy to let property investor, rather than purchasing the property personally is tax. A UK limited company has a corporation tax liability of 19% of profits. For those owning a property personally, rental income is classed as personal income. Most buy to …
Should you buy a property through a Limited Company Read More »