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For the year 2017/2018, ie, the period from April 6 2017 to April 5 2018, if your income is £1000 or less from a trade or from letting property, there will be no tax to pay. If your income from either of the above is over £1000 and actual expenses is below £1000 or unknown because you can’t … Continue reading
I’m going to assume that we all know what an association is, and for the purpose of this post, I’m concentrating on trading associations owned by all members. The purpose referred to above is suggesting favourable 1. Corporate structure; 2. Trading style; and 3. Tax regime to adopt. CORPORATE STRUCTURE Consider incorporation (ie Limited) if … Continue reading
Phoenix Debola 