Capital gains tax (CGT) is payable when you sell an asset that has increased in value since you bought it. The rate varies based on several factors, such as your income and size of gain. For residential property, it maybe 18% or 28% of the gain (not the total sale price).
Category Archives: Bookkeeper
Permanent workers are usually paid via Pay As You Earn (PAYE). PAYE ensures that the employee’s income tax, national insurance, and student loan repayments have been deducted before the employee receiving their pay. However, self-employed individuals must pay to ensure that they have paid their taxes, national insurance contributions, and student loan repayments. If you are self-employed you must complete a self-assessment form to figure out what you owe and ensure that you have made payments before the deadline.
An accountant should be seen as more than someone who does your finances. While you focus on running your business, you need to trust they ‘have your back’ when it comes to your company.
HMRC issued a statement confirming that where the donation is made by one person the tax relief is not at risk
You’d think that finding an accountant in London would be easy – after all, there are plenty of them, aren’t there?
The answer, of course, is Yes. There are hundreds of accountancy firms in London, some big, some small and it is there that the problem lies! Which one, from all those that there are to choose from, should you pick to handle your business accounts?