Budget 2020
The biggest points to affect a small business in yesterdays budget.
The biggest points to affect a small business in yesterdays budget.
From 6th April 2020 the way you declare your Capital Gain Tax (CGT) to HMRC when selling a second property changes.
If you are an employer and employee staff over 22 years old or earning over £10,000 you must offer them a company pension scheme, even if they wish to opt out.
Many clients are set up to pay the minimum tax and National Insurance, by paying a low wage and a monthly dividend.
From April 2020 HMRC are changing the way rule IR35 is viewed, which determines if you are an employee or sub contractor.
Normally if you sell your business the proceeds are split between Sale of Assets and Goodwill.