Aug 17 – Simple Assessments

When your state pension is larger than your personal allowance, you will have a small amount of tax to pay for the year. To collect this tax HMRC need to ask you to complete a tax return, and ‘self-assess’ the tax due. This appears to ...
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Jul 17 – VAT Payments and Surcharges

If you don’t pay all the VAT you owe on time, HMRC will eventually send you a surcharge calculated as a percentage of the unpaid VAT. This surcharge is not interest, and doesn’t relate to length of the delay for the payment, just the amount ...
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Jul 17 – Tax Schemes that Trap Contractors

Individuals working on fixed-rate contracts are eager to reduce their costs, including tax deductions. They may be tempted to take part in tax schemes which promise to cut their tax bills. These are two tax schemes that are sold to contractors, which in reality save ...
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Jul 17 – Public Sector Contracts

When you work as a contractor through your own personal company, you will be aware of the IR35 rules, which have been around since April 2000. If you contract for a public sector body (PSB) you should be aware that the application of the IR35 ...
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Jul 17 – Claim back SDLT

If you bought a house or flat after 1 April 2016, you may have paid a stamp duty land tax (SDLT) supplement of 3% on the entire value. This supplement is generally not due when you replace your main home, even if you end up ...
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Jul 17 – A Bright Idea for Clarke Nicklin

Clarke Nicklin are not your ordinary accountants, aside from being award winning business and financial advisors, they are also well known for putting on a range of business events in the Stockport borough. Most notably, they set up Stockport Business Awards back in 2012 and ...
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Jun 17 – Stockport Business Awards 2017 Shortlist

The shortlist has been announced for Stockport Business Awards 2017. The awards, now in their 6th year, were set up by Clarke Nicklin Chartered Accountants back in 2012 to recognise and reward business excellence in the town. Judging took place at headline sponsor Orbit Development’s ...
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Jun 17 – Plan to be Strong and Flexible

Confucius said; ‘The green reed which bends in the wind is stronger than the mighty oak which breaks in a storm’. We can help your business be that green reed, which reacts quickly and flexibly to changing commercial conditions, and to new regulations. We know ...
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May 17 – New Sponsor For Stockport Business Awards

Stockport Business Awards are now in their 6th year, bigger and better than ever the awards celebrate business success in the borough and are now established as one of the best nights in the Stockport Business calendar. The awards have always been supported by local ...
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Feb 17 – Stamp Duty Land Tax Problem

The block on deducting interest and finance charges from residential rents for income tax purposes (introduced from April 2017), won’t apply to companies. For this reason, many landlords are looking at incorporating their property lettings businesses. However, the big hurdle is the Stamp Duty Land ...
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Feb 17 – VAT Flat-rate Scheme

Many small businesses can save time by using the VAT flat-rate scheme. You may even make money out of the scheme if the flat-rate percentage applicable to your trade sector is particularly favourable for your business. The tricky bit is picking the right trade sector ...
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Feb 17 – Students Have a Gander at Business Life

Last week we were proud to be part of Gander and Seashell Trust’s business challenge. The two organisations joined forces for this ‘The Apprentice’ style search for business leaders of the future, which also had the added benefit of raising funding for the charity. For ...
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