Waveney Tax Solutions
Working with clients - not just for them.
Client Fact Sheets & Guides
Here we provide a few helpful fact sheets and guides - just click the links to download.
Specific guidance and advice is always based on personal circumstances and legislation can frequently change,
so please remember to seek a professional opinion before undertaking any tax or business planning.
You can find a summary of tax rates and allowances for 2015/16 here.
Starting a Business
Choice of business structure - guidance on the different business structures available and the differences between them.
Registering a new business - guidance on all of the different registration processes that need to be considered when you first start a business.
Keeping business records - complete and accurate business records are invaluable to any business, get off to a good start by following our advice.
General Business Guides
Business grants - an introduction to business grants
HMRC business checks - an overview of business records and compliance checks
Cash basis - an overview of the cash accounting basis for smaller businesses
Simplified expenses - an overview of the simplified expenses option for smaller businesses
Construction Industry Scheme
Introduction to the CIS - this guide gives an overview of the Construction Industry Scheme and how the regulations might affect you.
Contractors' CIS Guide - specific guidance for contractors operating within the construction industry.
Subcontractors' CIS Guide - specific guidance for subcontractors working in the construction industry.
Limited Companies
coming soon!
Payroll
Employing staff - a useful guide for anyone about to employ staff for the first time
Tax exempt benefits - a guide to some of the common benefits in kind that are tax free
Dispensations - what they are, how they can help and how to apply
PAYE Settlement Agreements - find out about what they are, how they can help and how to apply
P11Ds and P9Ds - what they are and what you need to do
VAT
Registration and Administration - an overview of registration requirements and filing deadlines
Record Keeping - record keeping requirments for VAT registered businesses
Cash Accounting Scheme - find out if you are eligible for cash accounting and if it could help your business
Flat Rate Scheme - an overview of the scheme, how to find out if it will benefit your business and how to apply.
Individuals
more coming soon!
Tax Credits - an overview of the tax credit system.
National Insurance - an overview of each class and how much you need to pay.
Trusts & Estates
coming soon!
Income from Property
Residential letting - whether letting a room in you main home or a separate property, this guide gives an overview on how this will be treated for tax purposes.
Holiday lets - there are special rules for dealing with income from holiday lets, see this guide for an overview.
Let Property Campaign - details about the HMRC Let Property Campaign and how to make a disclosure.