Partner,
Nimbus Corporate Services
Company Formations
Filing tax return in Canada – Non-Residents
The obligation for filing your taxes in Canada is primarily based upon an individual’s residency status. The tax obligations of a non-resident however differ from those of a resident. Below are some of the factors that are taken into consideration for determination of a taxpayer’s residency status as a non-resident: When a taxpayer normally resides […]
Partner,
4i Advisory Services
Malta’s New Paternal And Parental Leave Policies To Come Into Effect On 2 August 2022
EU Work-life Balance Directive grants parent-friendly leave regulations In recent years, many workers have placed a more fulfilling work-life balance at the top of their agenda. The EU Work-Life Balance Directive, first introduced in 2019, granted Member States a three-year period to implement new laws that will facilitate workers’ access to family leave and flexible […]
Partner,
Aequitas Legal
Director,
Aequitas Legal
New measures to help with the cost-of-living crisis
As expected, the Chancellor, Rishi Sunak has announced a new package of support measures in a statement to the House of Commons on 26 May 2022. The measures will be targeted to the most vulnerable members of society in a total package of measures that we are told will cost £15bn and bring the total […]
Founder,
Paul Beare Ltd
Access to cash protection increased
The new Financial Services and Markets Bill, announced as part of the Queen’s speech, will provide increased protections for those still dealing with cash. Access to cash remains vital for many people across the UK, including the more vulnerable in society. The government has committed to preserving the use of cash as an option even as the […]
Founder,
Paul Beare Ltd
Tax benefits of switching to electric cars
There are many benefits to encourage the use of electric cars including lower running costs, the environmental advantages and reduced noise pollution. There are also tax benefits to encourage the purchase of electric cars. We have listed some of these benefits below. The benefit-in-kind (BIK) due on company cars can be significantly reduced. For example, most […]
Founder,
Paul Beare Ltd
Paying staff on jury service
If you have staff that have been called up to serve on a jury, then you must allow them the necessary time off. You can ask them to request to delay their jury service if their absence would seriously harm your business. Your employee would need to agree to this request and would need to […]
Founder,
Paul Beare Ltd
Free company information
There is a significant amount of information about companies that can be obtained from Companies House. Companies House is responsible for incorporating and dissolving limited companies, examining and storing company information and making company information available to the public. Much of this information is available at no cost. This is in line with the government’s commitment […]
Founder,
Paul Beare Ltd
Reclaiming VAT
For most fully taxable businesses, VAT can be reclaimed on goods and services used in the course and furtherance of their business activities. This means that businesses must consider where there is personal or private use of goods or services bought for the business and can usually only reclaim the business proportion of any VAT […]
Founder,
Paul Beare Ltd
When you are required to register for PAYE
There are a multitude of rules that new businesses must follow when they start employing staff for the first time. These include ensuring registering for PAYE as an employer with HMRC. This must be done before the first payday and this process must even be completed by directors of a limited company who are employed by the […]
Founder,
Paul Beare Ltd
Tell HMRC if your company is dormant
If a company has stopped trading and has no other income, then the company is usually classed as dormant for Corporation Tax purposes. A company is usually dormant for Corporation Tax if it: has stopped trading and has no other income, for example investments is a new limited company that hasn’t started trading is an unincorporated […]
Founder,
Paul Beare Ltd