by Stapletons | Jul 3, 2018 | Running a business
Depending on how many business partners are involved in your partnership, each partner takes their slice of the pie and pays income tax on it accordingly. This should be a key part of your business plan, and there are several ways for you or your partners to get paid... by Stapletons | Jun 4, 2018 | Running a business
You’re starting a business and recognise the need to take on employees to help you share the load, but paying them in cash isn’t an option as you’ll be breaking the law. You usually need to register to pay income tax and national insurance contributions (NICs) through... by Stapletons | May 3, 2018 | Running a business
So you’ve had enough of being on the treadmill working for someone else and decided it’s time to break free and go solo. The good thing is you’re not alone as the number of sole traders, which are classed as businesses with no employees, grew 25% quicker than any... by Stapletons | Mar 5, 2018 | Running a business
If you own a limited company that has made and retained a profit, it’s likely you’ll be familiar with paying your shareholders (and maybe yourself) in dividends at some stage. Dividends don’t count as business costs towards your corporation tax calculation, but... by Stapletons | Feb 5, 2018 | Running a business
If sales are slowing down in your business and forecasts look like your taxable turnover will bring you under the VAT threshold, it’s probably time to consider deregistering for VAT. You can only do this if your business expects its taxable sales in the next 12 months... by Stapletons | Aug 3, 2017 | Running a business, Tax
Although we’ve yet to reach the year-end, it’s always good to plan ahead when it comes to managing your taxes. All companies are required to pay corporation tax on any profits made during their accounting period. The rate for company profits in 2017/18 is 19%. While...