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This month’s featured blog “The contract says that they are self-employed… but are they?” comes from: Kevin Murphy LLB(Hons) LPC DPL Director of Employment Law Solutions Contact: 07713 449 416   In the past few weeks there have been headlines relating to the Gig-economy; using short term contracts or self-employed individuals to power industry, the most famous […]

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It’s worth repeating an article we first published March 2016 highlighting the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2016-17. Since the tax on private fuel provided with company cars is so high, many employers now have […]

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It’s the appropriate time of the year to consider your Capital Gains Tax position if you have already disposed of (or are considering a disposal) of an asset subject to CGT during 2016-17. Most of our readers will be aware that they can make chargeable gains of up to £11,100 in the tax year 2016-17 […]

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If you use your home for business purposes, rent out parts of your home whilst you are still in residence or if you rent out your home while you are resident elsewhere, you may need to consider the tax consequences. Use of home for business purposes If the amount of space you use is limited […]

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Basically, you can claim for most expenses that are incurred wholly and exclusively for the purposes of a trade. Unfortunately, most of the decision making by HMRC on this topic is guided by tax law, which has been inconsistent. That aside, the following will provide you with guidance in areas where the outcome is reasonably […]

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We are privileged to work with many different types of businesses – some are obviously more successful than others. But what I know to be true is that the path to success is rarely ever straightforward. The images below perfectly shows the ‘perception’ and the ‘reality’ of attaining success (whatever ‘success’ means to you). I […]

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Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance: You may be able to reclaim all the VAT on a new car if you use it only for business. The car must not be available […]

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Buy-to-let landlords need to start considering their options, in particular, those who have borrowed heavily in order to build their property portfolio. From April 2017 deductions for finance charges will be progressively reduced and replaced by a 20% tax credit. This will promote a number of landlords into the higher rates of Income Tax and […]

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