Up until 6 April last year, the distribution of cash to shareholders on the winding up of a trading company by a liquidator, was usually taxed as a capital gain, potentially taxed at just 10% with the benefit of entrepreneurs’ relief.
When you quit the rat race, will you really have the time of your life?
As a business owner, I’m sure you have recently found yourself asking questions like – Is now the perfect time for switching to cloud based accounting?
BREAKING NEWS – As of yesterday (13 July 2017) ministers have confirmed a new timetable for Making Tax Digital and have delayed rollout by ‘at least’ two years until 2020, although quarterly VAT reporting using the system will be mandatory from 2019.
The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10%. This guidance only refers to patents but your… Continue reading Corporation Tax: The Patent Box
Investors in residential property may be feeling like the government is out to get them. Increases to stamp duty, higher capital gains tax rates and the mortgage interest relief restriction have combined to make property investment much more expensive.
Robot Pubs – Could this be the future?
Robot Pub a forward thinking hospitality focussed technology company, offering EPOS and complimentary technologies, such as self-service and loyalty, to pubs and bars! The Thirsty Bear, where they initially piloted their latest technology, and which they now use to pilot and tweak new products, as well as test new software releases before launching to a wider customer base.