Restarting a non-trading or dormant company

Reopening a dormant company

You must tell HM Revenue and Customs (HMRC) if your non-trading or dormant limited company starts trading again. You’ll also need to put together statutory accounts and Company Tax Returns after your company’s year-end. You must register your company with HMRC if it hasn’t traded before. Tell HMRC that your business has restarted trading by registering for Corporation Tax Send accounts […]

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Running a home office – can you claim on expenses?

Working from home - claiming expenses

As more and more people choose to work from home, the question of how you can reclaim any home office expenses is frequently asked. The general HMRC rule for claiming tax relief on business expenses is that you can only reclaim costs that have been ‘wholly and exclusively’ incurred in connection with your trade. If […]

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Auto Enrolment Becomes Business as Usual

Are you ready

Since 1st October 2017, every employer in the UK now must place certain staff into a pension scheme and contribute towards it. Until now, there has been a roll-out programme in place – slowly bringing employers into Auto Enrolment by reference to a future ‘staging’ date. For existing employers, the final staging dates will be February […]

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Key points and changes from the Autumn 2017 Budget

Autumn budget 2017

Property First-time buyers now will not pay any stamp duty on properties up to £300,000, and for London, the first £300,000 on properties up to £500,000 will be exempt. This can be a significant saving for first time buyers, benefiting almost all first-time buyers. Councils have been given power to charge 100% council tax premiums […]

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Should I save for retirement using an ISA or a pension fund?

In considering this choice, the first point to note is that in the absence of tax considerations the return on an investment should be the same regardless of the ‘wrapper’ on the investment product. Nevertheless, many people previously preferred to invest in ISAs because the whole of the fund could be drawn at any time, […]

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Re-brand for forward thinking Accountants Sutton McGrath Hartley

Sheffield based Chartered Accountants, Sutton McGrath Hartley, have re-branded, incorporating a new image, website and literature to complement the firm’s recent growth into new geographical areas and complimentary service lines. Sutton McGrath Hartley was established in 1995 by David Sutton who comments: “We are enjoying significant growth at present, and that is a direct result […]

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