http://tips.hrbs.biz Tips and hints for new and growing businesses from HRBS ~ fixed fee pro-active accountants and business advisors Sun, 27 Jun 2010 09:58:36 +0000 en hourly 1 http://wordpress.org/?v=3.0 http://tips.hrbs.biz/running-your-business/paying-your-self-assessment-tax-bill/ http://tips.hrbs.biz/running-your-business/paying-your-self-assessment-tax-bill/#comments Mon, 03 May 2010 14:10:55 +0000 Keith http://tips.hrbs.biz/?p=662 Click here to download a useful pdf tax return checklist. A self employed person will pay both income tax and class 4 national insurance (NI) on their profits plus income tax on any other income and capital gains tax on any relevant capital gains in the tax year.]]> http://tips.hrbs.biz/running-your-business/paying-your-self-assessment-tax-bill/feed/ 0 http://tips.hrbs.biz/general/tax-rates-allowances/ http://tips.hrbs.biz/general/tax-rates-allowances/#comments Thu, 25 Mar 2010 11:46:55 +0000 Keith http://tips.hrbs.biz/?p=539 http://tips.hrbs.biz/general/tax-rates-allowances/feed/ 0 http://tips.hrbs.biz/running-your-business/how-to-register-your-new-paye-scheme/ http://tips.hrbs.biz/running-your-business/how-to-register-your-new-paye-scheme/#comments Thu, 29 Oct 2009 11:00:00 +0000 Keith http://tips.hrbs.biz/index.php/running-your-business/how-to-register-your-new-paye-scheme/ video gives easy to follow, step by step instructions on registering a new PAYE scheme with HMRC. A new scheme can be registered either online at www.hmrc.gov.uk , by telephone ( 0845 60 70 143) or in writing. Once your scheme is registered you will receive notification of your new scheme in writing and it will be given two reference numbers.]]> http://tips.hrbs.biz/running-your-business/how-to-register-your-new-paye-scheme/feed/ 0 http://tips.hrbs.biz/starting-a-business/thinking-of-starting-a-business/ http://tips.hrbs.biz/starting-a-business/thinking-of-starting-a-business/#comments Thu, 02 Oct 2008 11:00:00 +0000 Keith http://tips.hrbs.biz/index.php/starting-a-business/thinking-of-starting-a-business/ http://tips.hrbs.biz/starting-a-business/thinking-of-starting-a-business/feed/ 0 http://tips.hrbs.biz/limited-company/save-tax-and-national-insurance-with-your-limited-company/ http://tips.hrbs.biz/limited-company/save-tax-and-national-insurance-with-your-limited-company/#comments Fri, 11 Jul 2008 11:42:37 +0000 Keith http://tips.hrbs.biz/?p=31 http://tips.hrbs.biz/limited-company/save-tax-and-national-insurance-with-your-limited-company/feed/ 0 http://tips.hrbs.biz/limited-company/how-to-form-a-limited-company/ http://tips.hrbs.biz/limited-company/how-to-form-a-limited-company/#comments Wed, 31 Oct 2007 23:00:37 +0000 Keith http://tips.hrbs.biz/index.php/2007/07/05/how-to-form-a-limited-company/ http://tips.hrbs.biz/limited-company/how-to-form-a-limited-company/feed/ 0 http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/ http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/#comments Wed, 04 Jul 2007 23:00:45 +0000 Keith http://tips.hrbs.biz/index.php/2007/07/05/a-quick-guide-for-your-new-limited-company/ Getting at your profits Profit extraction can be a mix of wage (ie under PAYE) and dividend. In order to pay a dividend the company must have sufficient after tax profits. ie for a £10k dividend to be paid the company must have approx £12.7k pre tax profits (corp tax rate of 21%). Do not be tempted to withdraw more than this as dividend, as it would be "illegal" and HMRC may class it as a salary or a loan to the director (taxable benefit in kind if over £5k) and charge tax & NIC. ]]> http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/feed/ 0