Articles Wright Lilley & Co Accountants
  • Home
  • Services
  • News
  • Contact Us
  • Articles
  • Services
  • News
  • Contact Us
  • Articles
  • Home
wright lilley & co business articles



Articles

Keep up to date with regular facts & figures

Search
Limited Companies

Limited Companies

The most important thing to remember about limited companies is that each is an individual in Law.

Partnerships

Partnerships

A partnership exists where two or more persons come together with a view to profit.

Self-Employed

Self-Employed

People who work for themselves are classed as sole traders and are subject, primarily, to income tax and National Insurance costs.

Inheritance Tax

Inheritance Tax

Inheritance tax is charged on transfers of capital by or to individuals.

Value Added Tax

Value Added Tax

Registration for VAT is compulsory once the turnover exceeds £85,000 in a rolling year

Capital Gains Tax

Capital Gains Tax

The disposal of an asset for a profit may lead to a charge to Capital Gains Tax.

Corporation tax

Corporation tax

This tax is levied on the worldwide profits of companies and of unincorporated bodies that are not partnerships, such as members' clubs.

Income Tax

Income Tax

Income tax is potentially payable by everyone but there are rules which make life easier depending on circumstances.

Tax Is Like The Dodgems

Tax Is Like The Dodgems

Tax is just like the dodgems at the fair, you swerve to avoid one and slap straight into another.

 

Copyright: 2022 Wright Lilley & Co | Design By Web Design Imagineers

Privacy
This Site Uses Cookies Read more

Heading