11th September 2023

Outsourcing: Kaizen UK Consulting Limited

Background Back in 2016 we were approached by our client who was unhappy with their existing accountant and wanted someone to take over the bookkeeping, payroll, VAT filing and year end accounts and corporation tax...

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Check a UK VAT number is valid
20th July 2023

Check a UK VAT number is valid

The check a UK VAT number service is available at: www.gov.uk/check-uk-vat-number. This service allows users to check: if a UK VAT registration number is valid; and the name and...

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Tax on savings interest
20th July 2023

Tax on savings interest

If you have taxable income of less than £17,570 in 2023-24 you will have no tax to pay on interest received. This figure is calculated by adding the £5,000 starting rate limit for...

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Exempt company purchase of own shares
20th July 2023

Exempt company purchase of own shares

Most payments a company makes to its shareholders, in respect of their shares, will be qualifying distributions (usually described as dividends) and may be subject to Income Tax.

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Connected persons for tax purposes
20th July 2023

Connected persons for tax purposes

The definition of a connected person for tax purposes can be complex. A statutory definition of “connected persons” for Capital Gains Tax purposes is set out in Section 286 of the...

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Business records if self-employed
20th July 2023

Business records if self-employed

If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as separate personal records of your...

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What do we mean by cost of living?
19th July 2023

What do we mean by cost of living?

A simple dictionary definition of cost of living would probably say something like: The level of prices relating to a range of everyday items… The problem is, the price inflation...

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