Tax

Starting in Business: Starting in business is never something that should be taken on lightly, but if you have the right product or service and the right approach, the rewards can be considerable. Just Tax have prepared a guide to help would-be businesses through the labyrinth of legal and financial requirements.
Running Your Business As A Company: "Due to a number of changes in the tax system over the last five years, it could be beneficial for your business to be incorporated. You could make substantial tax and national insurance (NI) savings if you incorporate your business, rather than run it as a sole trader. The savings may be even more marked if you currently trade as a partnership..."
Directors' Responsibilities: "A director must always act in accordance with what he or she believes to be the best interests of the company and must avoid any conflict of interest between company and personal matters." Just Tax's guide to the responsibilities under law of company directors.
Corporation Tax: "Corporation Tax (CT) is charged on profits made by 'companies' - but for these purposes a 'company' can include an unincorporated association such as a club or society."
Let Property: "Many people, particularly over the last 10 years, have purchased a 'buy to let' property with a view to generating additional income or an eventual capital gain. The family home can also generate income through letting of the whole property (e.g. while abroad) or a self-contained annexe, or by taking in a lodger. A holiday home may also be let..."
Capital Gains Tax: "Capital Gains Tax (CGT) is a tax on profit made when you sell assets or investments. These can be anything from holiday homes to works of art, shares or the goodwill of a business..."
Inheritance Tax: Despite the familiar fictional stereotypes, inheritance tax doesn't just affect bloated capitalists or weak-chinned nobles - the threshold is comparable to the price of a modest family home. Read JustTax's guide and find out how, even if you can't take it with you, you can make sure it goes where you want it to...
Company Cars: If you're unlucky enough to have to fill in a UK income tax return, but lucky enough to have a company car, you may be wondering what you're liable to pay and what relief is available. Worry no more - here's a handy guide from Just Tax.
Tax Overpayment: "At least one million people on PAYE overpay tax annually, many of whom never claim it back, so why are so many people happy to sit back and let the government take our money?" Anthony D'Alton of TaxChecker highlights the issue of tax overpayment