© AJM Accountants 2019

  • Facebook Social Icon
  • Twitter Social Icon

George Lilley is licensed and regulated by AAT under licence number 1001040

Archive
Please reload

31 Aug 2018

Is the VAT flat rate scheme for me?

The VAT flat rate scheme (FRS) is a simplified VAT scheme that enables VAT registered business to work out how much VAT they need to pay over to HMRC by applying a flat-rate percentage to their VAT-inclusive turnover. However, VAT can...

24 Aug 2018

Employment allowance – have you claimed it?

The employment allowance is a National Insurance allowance which is available to qualifying employers. The allowance reduces employers’ (secondary) Class 1 National Insurance by up to the £3,000.

The allowance is set at £3,000...

17 Aug 2018

Tax-free income from renting out your drive

Your drive may not normally warrant a lot of attention— however, it may have the potential to generate a tax-free income. Parking near to town centres and stations is always limited, and parking is always needed for events. Ow...

3 Aug 2018

Paying family members

Many small businesses, whether incorporated or not, pay family members for working for the business. However, as a recent case shows, it is easy to make mistakes which can prove costly.

The case in question, Nicholson v HMRC (TC06293), concerned the...

Please reload