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National Insurance - the hidden tax

An opinion piece on how National Insurance is often ignored despite being an important and costly tax.

Annual Investment Allowance

22 Mar 2018

How a business can get 100% tax relief on purchase of capital equipment

Peter Bromiley ACA

Essential addresses for Limited Companies

22 Mar 2018

Three essential addresses for setting up a Limited Company.

Peter Bromiley ACA

The HMRC Let Property Campaign

22 Mar 2018

What HMRC are doing to encourage landlords to come clean

Peter Bromiley ACA

Tax on Bitcoins

22 Mar 2018

How investments in Bitcoins may be taxed in Companies and on individuals.

Peter Bromiley ACA

Making Tax Digital for VAT

22 Mar 2018

How MTD will effect businesses with annual sales over £85,000 from April 2019.

Peter Bromiley ACA

Changing the Year End Date

22 Mar 2018

Why you would change your Company Year End date and how to do it.

Peter Bromiley ACA

I'm a freelancer how do I close my Company?

13 Dec 2017

How a Freelance Contractor can close a Limited Company, get their cash from their Company bank and minimise the taxes.

Matt Chapman

AMS Accountancy services for Freelancers

13 Dec 2017

Matt Chapman describes the AMS service for Freelancers, what it includes and how it works

Matt Chapman

National Insurance - the hidden tax

13 Dec 2017

An opinion piece on how National Insurance is often ignored despite being an important and costly tax.

Peter Bromiley ACA

How to delay registering for VAT

13 Dec 2017

Explaining how businesses selling to consumers can delay having to register for VAT.

Peter Bromiley ACA

What are my options for being paid as a Freelancer?

29 Sep 2017

Explaining 3 options plus pros and cons when being paid as a Freelance Contractor: Agency payroll; Umbrella or Personal Service Company.

Matt Chapman

Freelancers, salaries, dividends and tax

29 Sep 2017

Helping Freelancers understand different options for handling income. Salary, dividends and splitting dividends with a partner.

Matt Chapman

Expenses that aren't tax deductible

29 Sep 2017

Common expense claims/queries that aren’t tax deductible.

Peter Bromiley ACA

Tax Free Income

29 Sep 2017

New tax free allowances for various types of income.

Peter Bromiley ACA

The tax timetable for electric cars

29 Sep 2017

Electric cars will be more tax efficient from 2020/21

Peter Bromiley ACA

Tax advantages of a Limited Company

29 Jun 2017

There are 3 advantages using a Limited Company: saving on National Insurance, Taxes and Dividends being able to stay below the High Rate tax threshold.

Peter Bromiley ACA

Should I register for VAT?

29 Jun 2017

This video describes the rules for joining the VAT scheme, when you must register and covers advantages and disadvantages of being VAT registered.

Peter Bromiley ACA

Can 2 Freelancers work through the same Limited Company?

29 Jun 2017

Looking at the pros and cons for 2 Freelancers working through the same Limited Company.

Peter Bromiley ACA

What is the best tax solution for splitting ownership of my property?

29 Jun 2017

Splitting ownership of a property will have different tax implications, depending on whether the owners are married or business associates.

Peter Bromiley ACA

Tax laws on winding up a Limited Company

29 Jun 2017

Following the Autumn Statement 2015, rules for Shareholders paying Income tax on pay outs when winding up a Company.

Peter Bromiley ACA

Rules for leaving the Flat Rate VAT scheme

29 Jun 2017

Describing how to exit the Flat Rate VAT scheme voluntarily - and the rules for compulsory exit.

Peter Bromiley ACA

Understanding Fixed Assets Tangible Fixed Assets and Depreciation

03 Mar 2017

Fixed Assets, particularly Tangible Fixed Assets and their value in the Balance Sheet and Depreciation

Peter Bromiley ACA

Understanding Current Assets, Cash, Debtors, Prepayments and Stock.

03 Mar 2017

Current Assets are easily converted into cash within 12 months also Cash, Trade Debtors, Prepayments and types of Stock.

Peter Bromiley ACA

Understanding Current Liabilities including Trade Creditors, Accruals and Other Creditors

03 Mar 2017

Explaining Current Liabilities, including Trade Creditors, Other Creditors, Accruals and Loans due within one year.

Peter Bromiley ACA

How to get good value by talking to your accountant

03 Mar 2017

Get more specific tax/business advice by discussing changes in personal and business circumstance with your accountant.

Peter Bromiley ACA

Annual Pension Allowance – and new restrictions from April 2017

03 Mar 2017

High earners should start planning to avoid restricted Annual Pension Allowance and extra tax from April 17.

Peter Bromiley ACA

Changes coming to the Flat Rate VAT scheme in April 2017

09 Dec 2016

The new 16.5% Limited Cost Trader Flat Rate VAT category effective from April 2016 for businesses providing services.

Peter Bromiley ACA

Be careful when you issue Company shares on forming a Company and how to cancel the shares.

09 Dec 2016

Small Companies should be aware of the consequences to the business when issuing shares; and how to cancel the excessive shares.

Peter Bromiley ACA

Accounting jargon: Profit & Loss accounts and why you need one.

09 Dec 2016

Profit & Loss is a measure of money made in a year to show how well the business is doing and for calculating tax.

Peter Bromiley ACA

Accounting jargon: What is a Balance Sheet?

09 Dec 2016

A balance sheet is a business’s value at a point in time, and it has to balance.

Peter Bromiley ACA

Recording overseas sales in a VAT return

27 Oct 2016

Step by step guide on completing a VAT return for overseas sales.

Peter Bromiley ACA

Recording overseas purchases in a VAT return

27 Oct 2016

Step by step guide on completing a VAT return for purchases overseas.

Peter Bromiley ACA

Giving a Company pension to a spouse

27 Oct 2016

Covering all aspects of a Company paying for a company pension for a spouse and what you need to do.

Peter Bromiley ACA

Concerns at meeting with HMRC re freelancers working in public sector

27 Oct 2016

Peter Bromiley reports after a consultation meeting with HMRC re Freelancers working in the public sector.

Peter Bromiley ACA

The world of tax is set up for married couples

27 Oct 2016

Married and Civil Partnership couples have many tax advantages including no Capital Gains, and exemptions from Inheritance Tax.

Peter Bromiley ACA

How to complete a VAT return - the basics

10 Aug 2016

Step by step guide on the basics of completing a VAT return.

Peter Bromiley ACA

What are Self-Assessment Payments On Account?

10 Aug 2016

As well as paying Self-Assessment, HMRC can ask you to make Payments on Account in January and July.

Peter Bromiley ACA

How to reduce Self-Assessment Payments On Account

10 Aug 2016

Steps you can take to reduce Payments on Account to HMRC in January and July.

Peter Bromiley ACA

Advantages and disadvantages of cash accounting for VAT

10 Aug 2016

Differences between, Invoice accounting for VAT and the Cash Accounting scheme.

Peter Bromiley ACA

‘Market Value’ rules can affect the transfer of a buy-to-let to a Limited Company

01 Jul 2016

This video looks at the dangers of transferring a buy to let to a Limited Company and the effects of the ‘market value’ rules.

Peter Bromiley ACA

Depreciation and capital allowances

10 May 2016

This describes depreciation and compares it with Capital Allowances (tax relief on purchase of equipment etc.

Peter Bromiley ACA

Dealing with tax on overseas salaries

10 May 2016

Describing the dangers of taking a lump sum from your pension and how to get a tax refund within 30 days of claiming it.

Peter Bromiley ACA

Pension lump sum withdrawals

09 May 2016

Describing the dangers of taking a lump sum from your pension and how to get a tax refund within 30 days of claiming it.

Peter Bromiley ACA

Flat rate expenses when working abroad

09 May 2016

Explaining how employees / directors can use HMRC Benchmark Expense rates when working overseas instead of claiming actual costs.

Peter Bromiley ACA

Overdrawn Directors Loan Accounts

01 Apr 2016

Peter explains how a Director’s Loan Account works, repayment rules and s.455 tax

Peter Bromiley ACA

Budget Review – Employment Allowance

01 Apr 2016

Describing the new Employment Allowance increase and the effect on Companies with only one Director/employee.

Peter Bromiley ACA

Budget Review - Freelancers

01 Apr 2016

Explaining the new travel and subsistence rules for Freelancers, and the proposals for freelancers working for public sector bodies.

Peter Bromiley ACA

Budget Review – Landlords

01 Apr 2016

Peter describes tax relief changes on mortgage interest, scrapping of Wear & Tear Allowance, replacement rules and additional Stamp Duty.

Peter Bromiley ACA

Budget Review - Limited Companies

01 Apr 2016

Peter explains the new Dividend Tax, and the new rate of tax on overdrawn Director’s Loan Accounts (s.455)

Peter Bromiley ACA

Budget Review - Tax Changes

01 Apr 2016

Peter explains the new income tax bands, the change in Capital Gains Tax and pension changes.

Peter Bromiley ACA

Company shares - how do they work?

26 Feb 2016

An introduction to Limited Company Shares and their rights.

Peter Bromiley ACA

What are Limited Company Dividends?

26 Feb 2016

An introduction to Limited Company Dividends and steps to take when paying them out.

Peter Bromiley ACA

What is the Flat Rate VAT scheme?

26 Feb 2016

Introducing the Flat Rate VAT scheme (FRV), one of the few tax breaks remaining for small businesses.

Peter Bromiley ACA

Car expenses: Sole Trader vs Limited Company

26 Feb 2016

Part 1 of 2 on Car expenses: Sole Traders vs Limited Companies and the differences when claiming actual costs vs mileage.

Peter Bromiley ACA

Car expenses: Pool cars

26 Feb 2016

Part 2 of 2 on Car Expenses: Explaining the rules and obstacles when claiming that your car is a pool car.

Peter Bromiley ACA

What are the new tax rules on landlords mortgage interest?

30 Nov 2015

Explaining new rules on mortgage interest which will be phased in over 4 years from 2017

Peter Bromiley ACA

What expenses can be claimed against rental income?

30 Nov 2015

Identifying what can and cannot be claimed as an expense when renting out a property to help minimise tax.

Peter Bromiley ACA

If you can’t pay your Company’s taxes, do this.

29 Oct 2015

Explaining to Freelancers how to prioritise when they are having difficulties paying their Limited Company’s taxes.

Peter Bromiley ACA

Insurances that a Freelance Contractor should have

29 Oct 2015

This video explains what a Freelancer’s contract may dictate and the different insurances that they must and could have.

Peter Bromiley ACA

What to look for in a Freelancer contract.

29 Oct 2015

What Freelancers should look for in a contract, starting from first principles – including renegotiating clauses.

Peter Bromiley ACA

How can Freelancers ensure they can pay their taxes?

28 Oct 2015

Freelancers should hold back money to pay future taxes. Peter talks about the stress of paying last year’s taxes from next year’s income

Peter Bromiley ACA

Should I charge VAT on rechargeable expenses?

25 Oct 2015

Explaining that Freelancers must add VAT on recharged expenses to their Agencies and legally the Agency must pay it.

Peter Bromiley ACA

What is a Partnership?

21 Sep 2015

Explaining the simplicity of a family setting up a Business Partnership, and warns about the pitfalls, and the importance of having a legal agreement.

Peter Bromiley ACA

What is a Limited Company?

21 Sep 2015

Describing the tax advantages of Limited Companies vs Sole Traders and Partnerships, and which structure is the safest if the business fails.

Peter Bromiley ACA

What is a Sole Trader?

21 Sep 2015

Peter shows how it is easy to set up as a Sole Trader, how you would be taxed, and the dangers of losing personal assets.

Peter Bromiley ACA

What is an LLP?

21 Sep 2015

Peter describes the pros and cons of a Limited Liability Partnership (LLP), including comparisons with a Limited Company for tax planning purposes.

Peter Bromiley ACA

Tax implications from the July 2015 budget

21 Sep 2015

Explaining that from April 2016 shareholders in Limited Companies must pay an extra 7.5% tax on Dividends and what to do to reduce it.

Peter Bromiley ACA

Can you explain IR35?

21 Sep 2015

Peter describes IR35 to people who are new to Freelancing, and how to identify whether or not you are caught by the IR35 rule.

Peter Bromiley ACA

Am I caught by IR35?

21 Sep 2015

Explaining factors which determine if you are caught by IR35, such as ‘Control’ ‘Substitution’ ‘Mutuality of Obligation’ and ‘Financial Risk’.

Peter Bromiley ACA

Can you explain 24 month rule?

21 Sep 2015

As soon as a Freelancer even knows that their contract will be over 24 months they must stop claiming Travel and Subsistence.

Peter Bromiley ACA