HMRC’s Tax Investigations – What to Do (and How to Avoid Them)
The most recent figures available show a continuing growth in HMRC tax investigations into small businesses and individuals – up to quarter of a million a year at last count. We all tend to agree that HMRC needs to maximise tax revenues, but an investigation can be a stressful experience, so understanding the reasons behind […]
Changes to VAT Registration and Deregistration Thresholds
If you’re self-employed then the freedom of being your own boss, includes organising health insurance – but the question of claiming back costs from HMRC becomes more complex.
Can the Self-Employed Claim Costs of Health Insurance from the Taxman
If you’re self-employed then the freedom of being your own boss, includes organising health insurance – but the question of claiming back costs from HMRC becomes more complex.
Google Ads and VAT: It’s Complicated
Google will bill you from Ireland for your Ads expenditure. Which makes VAT complicated…
How Our Bill Management Services Can Help you Grow your Business
No-one (apart from us) gets into business to wrap themselves up in the joys of daily bill management. Many of our clients are in the creative and sporting industries – and that daily accounting stuff is just so far from where they want to be. But, to grow a business or a career, that numbers […]
Keeping it in the Family: Inheritance Tax Mitigation for Non-UK Domiciled Individuals
For non-UK domiciled individuals (non-doms) with significant assets, inheritance tax (IHT) planning becomes a crucial aspect of wealth preservation. Inheritance tax has always been a hot topic politically, so keep an eye out for proposals to change IHT in an election year. Right now, the UK has an IHT rate of 40% on estates exceeding […]
Keeping Ahead of the Trends on Tax on Image Rights Income for Models
For those working as models or content creators in the fashion industry, it is, of course, all about the image and image rights income can be a vital component of a model’s revenue. Earnings for a model can come from a number of sources and can vary significantly depending on several factors: Experience and reputation: […]
What the Creative Industries Need to Know About the VAT Threshold Changes in the Budget
The dust, such as it was, has settled on the 2024 Spring Budget, and for many self-employed individuals and small businesses (SMEs), one key, and low-key, announcement was an increase in the VAT registration threshold. There’s a few things to think about: Value Added Tax (VAT) is a tax levied on most goods and services […]
Decoding the Double Life of Ad Revenue: Tax and Regulation for Influencers
Influencers have a variety of income sources, but advertising, affiliate and sponsorship revenue can attract different tax regulations. And that’s just the start of it. For influencers, ad revenue is the lifeblood of their careers. However, this seemingly straightforward income stream gets surprisingly complex when it comes to taxes and regulations. Here’s why navigating the […]
How Research for your Book can Unearth Tax Relief
The idea of ‘research tax credits’ always conjure up and image of science – whether that’s blindingly white laboratories or AI-driven software – both driving our future. But authors drive our imagination and they too need research to help then understand the worlds they are describing – whether they be real worlds in need of […]
