i was declared bankrupt by the hmrc 5 yrs ago, i then split with my wife and went to pieces for a couple of years, cosequently burying my head in the sand re tax, i work as a sole trader plasterer,
Client runs his small VATable ltd company from office premises on which he pays rent + VAT.
Two years ago, client purchased a piece of land, obtained planning permission and built a dwelling on the land. The intention was then to rent out the property.
When a sole trader takes on a partner in the business is this regarded as a cessation of the sole trader business? If so then can one claim relief for overlap profits?
One of my client received the following email from the ban
We have company A for which we produce trading accounts. We are thinking of forming Company B ( same directors, ownership etc).
Does anyone know if the employer subsidy received under the steps to work programme is taxable?
I have a client whose father emigrated to Canada permanently several years ago.
We have long standing client who estatblished an internet based business in several years ago (he is sole shareholder and is one of two directors) .