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Budget 18 March 2015

This Summary covers the key tax changes announced in the Chancellor’s speech and includes tables of the main rates and allowances. Alongside our text we have included tips which you may want to consider. At the back of the Summary you will find a calendar of the tax year with important deadline dates shown. We…Read More

Dentists, To incorporate or not to incorporate?

Changes to the 1984 Dentists Act came into force on 31 July 2006, finally allowing dentists who in the past were only able to operate as sole traders and partnerships, to trade as a limited company or a limited liability partnership. Since this policy change, almost every dental practice owner/partner will have considered incorporation at…Read More

How much should I be saving for my tax bill?

For small business owners, whether self-employed sole traders, partnerships or limited companies, tax liability can be confusing; just how much should you be putting aside every month? Exactly how much of your monthly salary should you be putting aside to cover your annual tax bill? According to Riz Akhtar, company partner of RA Accountants LLP,…Read More

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