Description
Taxation of Sole Traders
- Registering as self-employed
- Self-assessment
- Record keeping
- Allowable expenses v disallowable expenses
- Tax return deadlines
- Utilising losses
Limited Company Tax
- Forming a limited company
- Maintaining accounts
- Profit and loss account
- Balance sheet
- Directors loan accounts
- Corporation tax – what are your taxable profits?
- Allowable expenses v disallowable expenses
- Understanding available reliefs including R&D credits
Capital allowances
- What are capital allowances?
- What is plant and machinery and over what period can it be written off?
- Scrapping/selling capital items – balancing allowances and charges
- Accelerated capital allowances on energy efficient equipment
- Adjusting for private use of capital items
- Carrying unused losses forward
VAT
- What is VAT?
- Accountable person v taxable person
- How to register for VAT
- VAT rates
- Margin scheme VAT
- Filing VAT returns
- VAT Return of trading details (VAT RTD)
- Self- accounting for VAT on EU acquisitions
