It will not always be apparent when a hobby tips over into a trade and the point at which you need to declare your income to HMRC. There is no statutory definition of a trade beyond that a trade includes a โventure in the nature of a tradeโ. Consequently, in deciding whether a trade exists, […]
๐๐ซ๐ ๐๐จ๐ฎ ๐๐ซ๐๐๐ข๐ง๐ ? Read More ยป
If you are feeling the pinch and you have a spare room in your home, you may consider renting it out to earn some additional money to help meet your living costs. As university and college terms start, now is a good time to let as students will be looking for accommodation. Even better, the
There is no excerpt because this is a protected post.
For many years, working out whether tax savings could be achieved by incorporation was relatively straightforward. Once profits reached a particular level, transferring the trade to a limited company and using profit extraction strategies would save a lot of money; the larger the profits, the bigger the saving. This all changed in 2016 with notional
