The Latest news from Turner Little
Turner Little are often asked by clients whether they should form a limited company or a limited liability partnership (“LLP”). Inevitable the answer we give depends upon a clients present circumstances as well as his aims for the future. Either
On 6th April 2016, major reforms to the way dividends used by UK small business owners to pay themselves are taxed will come into effect. Turner Little explains how the new reforms to dividend tax, could affect UK small to
As our global client base has continued to grow steadily in 2015, Turner Little have decided to expand our operations and open new branches in London and Sheffield. International expansion Turner Little have operated from offices based in York Business
If you run a business which trades for profit, you’re legally obligated to pay taxes to the government. But the taxes you pay depend on the type and size of company you operate, leading Turner Little to discuss; what taxes
Evidence has shown Turner Little that the UK small business finance market is on the road to recovery, as net lending to smaller companies has grown significantly in 2015. The second Small Business Finance Markets report from the state-owned economic
If you form a limited company in the UK, you’re required to pay corporation tax to the government. Here Turner Little discusses the following question; how much is corporation tax for small businesses? What is corporation tax paid on? The
Turner Little has learned that UK digital business expansion outpaced growth rates for the rest of the country’s economy last year. Digital economy A government report, published in December 2015, shows that the UK has developed one of the most
A recent report from BM Magazine has revealed to Turner Little that cyber-thieves have attempted to hack into HM Revenue and Customs’ (HMRC) website in order to steal £100 million from UK tax payers. Hacking attempts Under UK law, taxpayers
A new study has shown Turner Little that entrepreneurship courses have now become more popular in the UK than ever before. Popular online courses Learning and teaching marketplace Udemy has recently released research on UK online course enrolment. The study
In this article Turner Little outlines the responsibilities of a company director. Legislation detailed in the Companies Act 2006 lays out the legal requirements of a company director in the UK. If these requirements aren’t fulfilled, your business could be
Turner Little explains how VAT affects a business. VAT is a tax the government requires the majority of suppliers to charge consumers on their products. Registering for VAT UK business’ whose annual turnover exceeds a certain threshold (£82,000 at present) are
Turner Little investigates the news that number of self-employed people in the UK continued to soar, according to a new study. Self-employment UK self-employment reached a new height in the three months to October 2015. Figures from the Office for
Turner Little discusses the breaking news that Google has reached a major UK tax deal with HM Revenue and Customs (HMRC). Google’s tax Google has long been accused of using complex tax structures to avoid “paying its fair share of
A strong brand identity can differentiate you from your competitors and help you stand out in the minds of consumers. Therefore it’s vital that you develop a robust brand when your start your business. Turner Little lists five brand issues
Turner Little look at Government regulation which is often is a big issue for small to medium sized business owners to get around. Government regulation (often referred to as ‘red tape’) is a big issue for small to medium sized business
If you’re starting your own business, it’s worth considering setting yourself up as a sole trader. Turner Little explains how to register as a sole trader. Sole trader vs. limited company The advantages of setting yourself up as a sole
A recent study has indicated to the Turner Little team that nearly half of small and medium sized enterprises (SMEs) in the UK expect their revenue to grow this year. Growth mindset The UK’s economy strengthened in 2015, and this
New figures have shown the Turner Little team that entrepreneurial ambition is alive and well in the UK. A recovering economy lifted UK self-employment to a record high in the three months to October 2015. Self-employment surge Statistical evidence suggests
Turner Little look at the options to Save Income Tax, Reduce Capital Gains Liability and Reduce Inheritance Tax on Buy-to-Let Property. Buy-to-Let Investors Anyone who is a Buy-to-Let investor holding property personally should consider this possible scenario. It might reduce
Turner Little looks at tax efficiency for a company who often re-invests in further property by way of expansion for tax reasons. Under the UK’s current tax rules, the main benefits of using a company (as opposed to holding investment