Posted in Business Support
If you are self-employed, as a sole trader or in partnership, the profits from your business are treated as part of your income for Income Tax and self-employed National Insurance purposes. As a consequence, the amount of tax payable on your
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There is a well-worn cliché that says that no news is good news i.e. that bad news actually travels faster than good news.
During the coronavirus period, we have been bombarded by proof that this is the case. Witness the very deliberate,
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Practitioners may have noticed that the OTS has recently published an update on its thoughts for the update of Corporation Tax, the taxation of personal service companies and the self-employed.
The report is entitled:
Evaluation update and stock
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Any planned change will be targeted at a specific issue – say, reduce sales prices to win more customers and increase footfall – but actions of this kind have knock-on effects. For example, what effect will the proposed reduction in sales
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