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Broome Logo Tax News

Claiming “Spouses Wages” As A Business Expense

Wednesday, November 12, 2014

Another topic we get asked about regularly is paying a non-fee earning spouse a wage or salary from the contracting company On the face of it this would appear to read more ...

Category Your Limited Company | Saving Tax | Tax News | IR35 | Expenses |

The contractor and company vehicles

Wednesday, November 12, 2014

We often get asked about company cars at BroomeAffinity and specifically if there is a way to be tax efficient AND have a company car In truth in all but read more ...

Category General | Your Limited Company | Saving Tax | Tax News |

Travel expenses and the 24 month rule

Tuesday, November 4, 2014

A subject we are often asked about by contractors is Travelling Expenses Contractors can of course claim a business deduction for most and accommodation expenses incurred in the furtherance of read more ...

Category Tax News | Expenses |

Scam Alert – Publication of Companies and VAT Registration Numbers

Monday, November 3, 2014

We want clients and business owners to be aware of a Scam that is doing the rounds at the moment If your receive a very official government-style letter which is read more ...

Category Tax News |

HMRC to Drop Business Entity Tests

Tuesday, October 28, 2014

HMRC have after intense pressure from a contractor lobbying group decided to withdraw their controversial Business Entity Tests BETs from th April The tests were originally introduced in and were read more ...

Category General | IR35 | Tax News |

HMRC aiming for £7.1 billion of tax recovery from avoidance schemes by January

Friday, October 24, 2014

More than members of tax avoidance schemes have received notices from HM Revenue amp Customs HMRC demanding more than million in unpaid tax David Gauke Financial Secretary to the Treasury read more ...

Category General | Tax News |

Contractors warned over increased HMRC enquiry activity

Tuesday, June 3, 2014

A recent report has revealed that the tax man is getting involved in many more contractors financial affairs making it imperative for freelancers to get their sums correct In just read more ...

Category Tax News |

VAT on “land related services” – important information for Oil and Gas Contractors

Tuesday, December 3, 2013

Last year we reported on the changes to the VAT treatment on services provided offshore Essentially the general business to business rule was to be applied in that VAT should read more ...

Category Tax News |

HMRC getting tough on VAT delinquents

Sunday, January 13, 2013

For most sane people the thought of receiving an HMRC inspection is enough to cause an urgent need to visit the bathroom However that is the risk contractors run if read more ...

Category General | Tax News |

RTI is here …. but don’t worry we’ve got your back

Wednesday, January 9, 2013

All limited companies will soon be receiving a letter from HMRC about Real Time Information or RTI This is a new scheme designed to streamline the flow of payroll National read more ...

Category General | Tax News |

How will Child Benefit changes affect contractors?

Sunday, January 6, 2013

Many contractors and freelancers are fortunate enough to be earning more than per annum and these contractors are likely to be affected by the latest changes to Child Benefit If read more ...

Category Tax News |

Client entertaining as a company expense

Friday, November 28, 2014

Business entertaining client entertaining is never allowable for Corporation Tax under any circumstances So whether you have a box at Old Trafford or are buying your client a quick pint read more ...

Category Tax News | Expenses |

IPSE presents its wish-list to the Chancellor including the creation of a new “Freelancer Limited Company”

Friday, November 28, 2014

IPSE formerly the Professional Contractors Group PCG and an undeniably influential pressure group has presented its manifesto for change in the contractor freelancer space in response to George Osborne s read more ...

Category Tax News |

Tax enquiry insurance. You need to take this seriously

Thursday, March 15, 2018

We take tax investigations very seriously and whilst we always ensure returns are filed in a manner that should limit the possibility of an enquiry HMRC select many cases each read more ...

Category Tax News |

Tax efficient company closure

Tuesday, March 29, 2011

There comes a time when contracting though your own limited company is no longer an option and the company must be closed down It may be that this is part read more ...

Category Tax News |

Summer Budget 2015

Thursday, July 9, 2015

George Osborne has hardly been engaged in a charm offensive with the freelance and contracting community since he took over as Chancellor but yesterday s summer budget surely represents a read more ...

Category Tax News |