Depending on your profits, the new corporation tax rates may not affect you at all. Even if your bill does rise, there are steps you can take to reduce the burden.
In day-to-day life, few of us would struggle to tell the difference between a car and a van. But as is often the case, things aren’t so straightforward in the world of tax.
A delay to tax reforms which would have seen sole traders and small businesses obliged to keep digital records and report income quarterly to HMRC has been welcomed by financial experts.
A tax expert at accountants and business advisors Whitley Stimpson is encouraging business owners to take action after the after the Government announced a 1.25 per cent tax hike on dividend payouts as part of its new Health and Social Care Levy.