The tax authority has failed to issue all the self assessment statements that it should have issued to taxpayers in July, and will issue the remainder in August.
Deciding whether you should trade as a sole trader, partnership or Limited company could literally save you tens of thousands of pounds over the life of your business.
If you are planning to sell your business for less than £5m then you should be able to get a large portion, if not all of your money without paying more than 10% tax.
A National Insurance holiday is available to new businesses that start up during the period from 22 June 2010 to 5 September 2013. Businesses within the Lichfield District could be eligible if they meet the other criteria.
Any employer who provides benefits to employees or reimburses business expenses should have filed P11Ds and a P11D(b) return by 6 July 2011.
A common misperception is that P11Ds are only required if benefits are provided to staff -this is rarely the case!
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