• Do I pay tax on Bitcoin gains?

    • May 13, 2021
    • Posted by: admin
    • Category: Business Growth, Contractors, Expenses, Investment, Tax
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    In short, the answer is yes. In December 2019 HM Revenue and Customs published their guidance document on cryptoassets for individuals, covering ‘exchange tokens’ (exchange tokens are intended to be used as a method of payment and encompasses cryptoassets like Bitcoin) and HMRC make it very clear that profits from buying and selling Bitcoin and

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  • How contractors can keep more of their money during a pandemic.

    • November 6, 2020
    • Posted by: admin
    • Category: Business Growth, Business plans, Contractors, Expenses, Investment
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    Cash Flow Forecast Template Excel They say cash is king, and running a business of any kind is certainly easier with more cash. Cash gives you a safety net and options. And, as a contractor or consultant, the more cash you have in your business, the longer you can weather any storms – such as

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  • Promote Yourself: How IT Contractors can expense marketing cost

    • August 18, 2020
    • Posted by: admin
    • Category: Business plans, Contractors, Expenses, Investment, Property, Start-ups, Tax
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    On first inspection, marketing on a profit and loss account for a typical business will not come as a surprise to most people, however, seeing it on an IT contractor who is operating through a limited company may come as a surprise to many. However competition for many roles has increased in recent years, and

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  • Summer Statement (Mini-Budget): Key points

    • July 9, 2020
    • Posted by: admin
    • Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
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    The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community yesterday, 8 July 2020, as firms engage with the disruption caused by the coronavirus outbreak and the measures taken to control infection. The main thrust of his announcements during his Summer Economic update concerned his nominated Plan for Jobs 2020,

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