The Chancellor has now announced that there will be some form of compensation for some of those who will have lost out from the abolition of the 10% tax rate. What form will this take, and who will benefit? The Business Lounge tries to find out.
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Latest Articles
The 2007/2008 tax year is over, and you may need to complete a tax return. If hearing the words “tax return”, makes you stick your fingers in your ears, and sing to yourself, you need to read our starter article which explains who needs to fill one in, and why.
The recent abolition of the 10% income tax rate is constantly in the news this week as a political hot topic. In fact you are probably sick of hearing about it, but if you want to understand the basics of the actual tax involved, read on.
Most people want to think about tax as little as possible. However, as the new tax year begins, be brave and make some New Year’s Resolutions. Here are some suggestions.
Never has an article title been so off-putting, but if you are self-employed, you need to read this now to avoid a nasty shock regarding when you have to make tax payments.
In an otherwise rather uneventful Budget speech, here at The Business Lounge we woke up when the Chancellor announced a “capital fund of £12.5m, specifically to encourage more women entrepreneurs”.
Three key tax changes, already announced and discussed here at The Business Lounge, were confirmed in the Budget; corporation tax rate changes, capital gains tax and proposals to change the tax treatment of non-domiciled individuals.
If you have previously worked as an employee, you will have worked for a period, probably the month, and then got paid. There might have been a struggle as the month progressed, and last month’s salary dwindled, but you did know that the cash was going to come.
These terms are often used interchangeably, and many of them may describe your particular circumstances. However, in the world of accounting and tax, some of these have more specific meanings than in everyday English.
“Accounts” can be a general term banded about, often instilling fear in those not financially minded. Here we give you a first step to start understanding accounts and some of the simpler terms used in them.
