Your business might go through a variety of structures over its lifetime so it’s always helpful to know what different options there are and what implications they can have. Types of business structure The most common types you’ll probably know of are sole trader, partnership or company. But there is more than one type of…
From 6th April company car owners will no longer have a benefit-in-kind on fully-electric vehicles, which is likely to make company cars far more appealing to motorists throughout 2020. The benefit-in-kind on these cars at the moment is 16% of the list price, however this rate will drop from the 6th April 2020 to 0%….
Methods To Overcome Uncertainty So you’ve got a business idea and you think it might be a good one. But just as you’ve geared yourself up, all kinds of worries start to creep in. Whether you’re starting from scratch or adding a new string to your bow, there are things you can do to set…
How Can We Help If you want to take the stress out of completing your return, make sure you meet the deadline and ensure you’ve claimed all the reliefs you’re entitled to; then let us complete your return for you. Call us on 01254 583515 or complete the contact form below. Don’t leave it until…
The 31st January is the self assessment tax return deadline for both sole traders and partnerships. If you are the owner of a new sole trade or partnership you may not have submitted one of these tax returns yet, but don’t worry, we have all the information you need. Why Sole Traders and Partnerships? Sole…
Whilst there was no immediate change to the current corporation tax rate of 19% there was confirmation of the intention to reduce the rate to Keith Roberts accountant Lancashire 17% from 1 April 2020. Something to look forward to! For those businesses with significant investment in plant and machinery planned for the next couple of…
We are delighted to announce that we have been selected to join the UK’s most reputable firms on the Handpicked Accountants website. As a leading accountancy firm in Ribchester, Lancashire, we have been recognised for our personalised customer service and specialist knowledge of the industry. Established in 1986, our team of chartered accountants and business…
Paying employer National Insurance contributions for apprentices under 25 From 6 April 2016, if you employ an apprentice you may not need to pay employer Class 1 NI contributions on their earnings below £827 a week (£43,000 a year). They must be under 25 years old and following an approved UK government statutory apprenticeship framework (frameworks can…
If you are self-employed and earn above the 2018/19 small profits threshold of £6,205 per annum then you are required to pay Class 2 National Insurance of £2.95 per week. The exact amount payable is determined when you complete your self assessment tax return and is paid alongside your income tax. Class 2 NI entitles…
It’s that time of year again when we come round to preparing tax returns. We understand how complicated they can get. One of our specialisms here at Egan Roberts is acting for clients in the medical profession. Tax returns can be complicated enough to put together with a combination of practice or NHS income and then private…
