psc guide Archives - Whitefield Tax Limited - Isle of Wight Accountants

Public Sector IR35 changes – Examples

by Jessica Garbett | Feb 11, 2017 | business taxation, employment status, IR35, personal taxatation, PSC, psc guide

Further to our post earlier this week, we have now updated our website with enhanced guidance on the new Public Sector IR35 regime and some examples with figures in them. See our guidance here and examples here

Scare stories around Intermediary Reporting Rules

by Jessica Garbett | Mar 6, 2015 | HMRC, IR35, PSC, psc guide

There are some scare stories circulating around the new Intermediary Reporting Rules from HMRC. Our view is that there is little to worry about for a typical Whitefield client. The background to this is the so called “Agency Rules” which prevent, in most...

Guide to penalties – HMRC and Companies House

by Jessica Garbett | Sep 24, 2014 | business issues, employer returns, psc guide, VAT

No one likes the idea of getting a penalty from HMRC or Companies House. In our new guidance on this topic, we explain the common penalties and how to avoid them.

Developing and Expanding your Business

by Jessica Garbett | Mar 18, 2014 | PSC, psc guide

We’ve expanded our popular and well used PSC guidance notes to incorporate a new guide to Developing and Expanding your Business, recognising the aspiration of many of our PSC clients to go beyond their current business model, minimising risk and maximising...

2014-15 salary and dividend levels

by Jessica Garbett | Mar 11, 2014 | administration, PSC, psc guide, salary levels

For our PSC clients: ~ recommended main contractor salary £12,000 pa (£1,000 per month) ~ recommended spouse / company secretary salary where no other income £7,920 pa (£660 per month) ~ for a 100% shareholder on £12,000 salary, maximum basic rate dividend is £26,878...

Understanding business turnover

by Jessica Garbett | Jan 13, 2014 | psc guide

We’ve added a new guide to our PSC helpsheets, entitled “Understanding business turnover” and covering sales received, adjustments for debtors and work in progress, and the effect of VAT flat rate on turnover.

« Older Entries

Public Sector IR35 changes – Examples

Scare stories around Intermediary Reporting Rules

Guide to penalties – HMRC and Companies House

Developing and Expanding your Business

2014-15 salary and dividend levels

Understanding business turnover

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