News
Cryptocurrency Tax Implications in the UK
We recently presented a webinar to discuss the tax implications on the individual and limited company in relation to trading or investing in cryptocurrencies and
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Property
Tax relief of mortgage interest.
The restriction on mortgage interest relief means that tax relief for interest will only be given at 20% instead of the current 40%. This will
Taxation
A quick explanation of the VAT Flat Rate Scheme (FRS)
The flat rate scheme works as follows for Computer and IT consultancy or data processing which has a FRS percentage of 14.5%. Other Common FRS
Payroll
Summer 2018 Bulletin
Welcome to the Summer 2018 Sigma Chartered Accountants Bulletin. National Living and Minimum Wage Increases On 6 April 2018 the legal National Living Wage increased
Tax Updates
Taxation of Dividends 2018
Significant changes have been made to the way dividends are taxed under the guise of simplification. Dividend Regime from 6th April 2018 The company pays
News
Changes to the VAT Flat Rate Scheme (FRS) effective 1 April 2017
The Flat Rate Scheme (FRS) was introduced to reduce the administrative burden on smaller businesses and reduce record keeping requirements. Businesses would pay VAT based
Taxation
Which taxes do I have to pay and when?
Personal tax returns for sole traders and directors cover the tax year up to 5th April each year and are due to be filed by
Contractors
HMRC 2015 Guidance on IR35
HMRC has issued new guidance for consultants operating through their own limited companies to help them decide if they are at high risk of an
