Latest Newsletters for Arts & Entertainment
Latest Newsletters for Arts & Entertainment
10th December 2023
Tax Loopholes for Middle England
Updated: 8th July 2025 Securing Entitlement to a State Pension ‘Credit’ without actually paying any NIC. Entrepreneurs that trade through a limited company can set how and how much they are remunerated. It is possible to avoid paying any NIC, yet still obtain a ‘credit’ for that particular tax year for future state pension purposes, by paying…
21st July 2021
Top 10 tax elections to minimise tax
Updated: 8th July 2025 Individuals and businesses usually minimise their tax liabilities by claiming deductions, allowances, reliefs and exemptions. Where relevant, making tax elections is also a very effective means of tax planning. s222(5a) TCGA 1992 (Nomination of main residence) This Capital Gains Tax election, often referred to as ‘flipping’, enables taxpayers, who own…
8th November 2016
Flat Rate VAT
The flat rate VAT scheme is available to any business with annual taxable sales, excluding VAT, of £150,000 or below. Your annual taxable turnover includes standard, reduced and zero rated sales. Once you have joined the scheme you can remain in it until your total VAT-inclusive business income, at any anniversary of joining the scheme, exceeds £230,000.
3rd March 2000
Keeping Business Records
The length of time that business and tax related records should be kept depends upon which legislation they relate to. A brief simplified summary follows: Records Time Limits Company Statutory Registers Indefinitely Board Meeting Minutes/Resolutions Indefinitely General Meeting Minutes/Resolutions Indefinitely Details of Past Shareholders 20 Years Sealed Contracts 12 Years Corporation Tax Records 6…