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Videos uploaded by user “AMS Accountancy Limited”
Tax advantages of a Limited Company
 
03:25
There are 3 advantages using a Limited Company: saving on National Insurance, Taxes and Dividends being able to stay below the High Rate tax threshold. Find out more at www.ams-accountancy.co.uk
Car expenses: Sole Trader vs Limited Company
 
02:45
Part 1 of 2 on Car expenses: Sole Traders vs Limited Companies and the differences when claiming actual costs vs mileage. Find out more at www.ams-accountancy.co.uk REF: F034
What are Limited Company Dividends?
 
02:47
An introduction to Limited Company Dividends and steps to take when paying them out. Find out more at www.ams-accountancy.co.uk REF: F031
Company shares - how do they work?
 
02:19
An introduction to Limited Company Shares and their rights. Find out more at www.ams-accountancy.co.uk REF: F030
Depreciation and capital allowances
 
03:35
This describes depreciation and compares it with Capital Allowances (tax relief on purchase of equipment etc.) REF: F043 Find out more at www.ams-accountancy.co.uk
Changes coming to the Flat Rate VAT scheme in April 2017
 
03:14
The new 16.5% Limited Cost Trader Flat Rate VAT category effective from April 2017 for businesses providing services. Find out more at www.ams-accountancy.co.uk
What expenses can be claimed against rental income?
 
02:41
Identifying what can and cannot be claimed as an expense when renting out a property to help minimise tax. Find out more at www.ams-accountancy.co.uk REF: F026
Be careful when you issue Company shares on forming a Company and how to cancel the shares.
 
02:38
Small Companies should be aware of the consequences to the business when issuing shares; and how to cancel the excessive shares. Find out more at www.ams-accountancy.co.uk
How to complete a VAT return - the basics
 
02:39
Step by step guide on the basics of completing a VAT return. REF: F050 Find out more at www.ams-accountancy.co.uk
Pension lump sum withdrawals
 
02:20
Describing the dangers of taking a lump sum from your pension and how to get a tax refund within 30 days of claiming it. REF: F042 Find out more at www.ams-accountancy.co.uk
What are Self-Assessment 'Payments On Account'?
 
02:21
As well as paying Self-Assessment, HMRC can ask you to make Payments on Account in January and July. REF: F053 Find out more at www.ams-accountancy.co.uk
Expenses that aren’t tax deductible
 
05:06
Common expense claims/queries that aren’t tax deductible
What are the new tax rules on landlord's mortgage interest?
 
02:14
Explaining new rules on mortgage interest which will be phased in over 4 years from 2017 Find out more at www.ams-accountancy.co.uk REF: F023
Tax Free Income
 
03:42
New tax free allowances for various types of income
Should I register for VAT?
 
02:23
This video describes the rules for joining the VAT scheme, when you must register and covers advantages and disadvantages of being VAT registered. Find out more at www.ams-accountancy.co.uk
Tax laws on winding up a Limited Company
 
02:46
Following the Autumn Statement 2015, rules for Shareholders paying Income tax on pay outs when winding up a Company. Find out more at www.ams-accountancy.co.uk
Am I caught by IR35?
 
03:59
Explaining factors which determine if you are caught by IR35, such as ‘Control’ ‘Substitution’ ‘Mutuality of Obligation’ and ‘Financial Risk’. Find out more at www.ams-accountancy.co.uk REF: F011
Dealing with tax on overseas salaries
 
02:17
Explaining that the 'Foreign Tax Credit' on overseas income is based on the tax due and not the tax actually paid. REF: F045 Find out more at www.ams-accountancy.co.uk
Overdrawn Director's Loan Accounts
 
02:26
Peter explains how a Director’s Loan Account works, repayment rules and s.455 tax. F038 Find out more at www.ams-accountancy.co.uk
Annual Pension Allowance – and new restrictions from April 2017
 
02:44
High earners should start planning to avoid restricted Annual Pension Allowance and extra tax from April 17. Find out more at www.ams-accountancy.co.uk
Making Tax Digital for VAT
 
03:09
How MTD will effect businesses with annual sales over £85,000 from April 2019.
If you can’t pay your Company’s taxes, do this.
 
02:33
Explaining to Freelancers how to prioritise when they are having difficulties paying their Limited Company’s taxes. Find out more at www.ams-accountancy.co.uk REF: F017
What is an LLP?
 
01:41
Peter describes the pros and cons of a Limited Liability Partnership (LLP), including comparisons with a Limited Company for tax planning purposes. Find out more at www.ams-accountancy.co.uk REF: F005
How to delay registering for VAT
 
05:12
Explaining how businesses selling to consumers can delay having to register for VAT.
Recording overseas sales in a VAT return
 
03:58
Step by step guide on completing a VAT return for overseas sales. Find out more at www.ams-accountancy.co.uk
How to reduce Self-Assessment Payments On Account
 
02:59
Steps you can take to reduce Payments on Account to HMRC in January and July. REF: F054 Find out more at www.ams-accountancy.co.uk
‘Market Value’ rules can affect the transfer of a buy-to-let to a Limited Company
 
03:33
This video looks at the dangers of transferring a buy to let to a Limited Company and the effects of the ‘market value’ rules. REF: F049 Find out more at www.ams-accountancy.co.uk
National Insurance - the hidden tax
 
04:04
An opinion piece on how National Insurance is often ignored despite being an important and costly tax.
Can you explain IR35?
 
02:11
Peter describes IR35 to people who are new to Freelancing, and how to identify whether or not you are caught by the IR35 rule. Find out more at www.ams-accountancy.co.uk REF: F010
Annual investment allowance
 
02:09
A guide on how 100% tax relief can be claimed on fixed assets such as plant, equipment, IT Kit etc. REF: F047 Find out more at www.ams-accountancy.co.uk
Understanding Fixed Assets Tangible Fixed Assets and Depreciation
 
02:29
Fixed Assets, particularly Tangible Fixed Assets and their value in the Balance Sheet and Depreciation Find out more at www.ams-accountancy.co.uk
Rules for leaving the Flat Rate VAT scheme
 
03:03
Describing how to exit the Flat Rate VAT scheme voluntarily - and the rules for compulsory exit. Find out more at www.ams-accountancy.co.uk
The tax timetable for electric cars
 
02:31
Electric cars will be more tax efficient from 2020/21
How to get good value by talking to your accountant
 
02:41
Get more specific tax/business advice by discussing changes in personal and business circumstance with your accountant. Find out more at www.ams-accountancy.co.uk
Should I charge VAT on rechargeable expenses?
 
02:30
Explaining that Freelancers must add VAT on recharged expenses to their Agencies and legally the Agency must pay it. Find out more at www.ams-accountancy.co.uk REF: F018
Concerns at meeting with HMRC re freelancers working in public sector
 
06:39
Peter Bromiley reports after a consultation meeting with HMRC re Freelancers working in the public sector. Find out more at www.ams-accountancy.co.uk
What is the best tax solution for splitting ownership of my property?
 
02:45
Splitting ownership of a property will have different tax implications, depending on whether the owners are married or business associates. Find out more at www.ams-accountancy.co.uk
Flat rate expenses when working abroad
 
02:36
Explaining how employees / directors can use HMRC Benchmark Expense rates when working overseas instead of claiming actual costs. REF: F046 Find out more at www.ams-accountancy.co.uk
Giving a Company pension to a spouse
 
04:02
Covering all aspects of a Company paying for a company pension for a spouse and what you need to do. Find out more at www.ams-accountancy.co.uk
Advantages and disadvantages of cash accounting for VAT
 
03:32
Differences between, Invoice accounting for VAT and the Cash Accounting scheme. REF: F056 Find out more at www.ams-accountancy.co.uk
Can you explain 24 Month Rule?
 
03:38
As soon as a Freelancer even knows that their contract will be over 24 months they must stop claiming Travel and Subsistence. Find out more at www.ams-accountancy.co.uk REF: F012
Recording overseas purchases in a VAT return
 
03:52
Step by step guide on completing a VAT return for purchases overseas. Find out more at www.ams-accountancy.co.uk
Accounting jargon: What is a Balance Sheet?
 
02:01
A balance sheet is a business’s value at a point in time, and it has to balance. Find out more at www.ams-accountancy.co.uk
What is a Limited Company?
 
01:39
Explaining that a Limited Company is a separate legal entity from its owners. Peter describes the advantages of limited liability such as if it goes bust the owners are not personally affected - whereas a Sole Trader/Partnership could lose their personal assets. He also talks about the tax advantages of having a Limited Company. Find out more at www.ams-accountancy.co.uk REF: F004
Understanding Current Assets, Cash, Debtors, Prepayments and Stock
 
02:40
Current Assets are easily converted into cash within 12 months also Cash, Trade Debtors, Prepayments and types of Stock. Find out more at www.ams-accountancy.co.uk
Budget Review – Employment Allowance
 
02:46
Describing the new Employment Allowance increase and the effect on Companies with only one Director/employee. F041 Find out more at www.ams-accountancy.co.uk
The HMRC ‘Let Property Campaign’
 
02:06
What HMRC are doing to encourage landlords to come clean
The world of tax is set up for married couples
 
05:32
Married and Civil Partnership couples have many tax advantages including no Capital Gains, and exemptions from Inheritance Tax. Find out more at www.ams-accountancy.co.uk
Annual Investment Allowance
 
01:57
How a business can get 100% tax relief on purchase of capital equipment
Accounting jargon:  Profit & Loss accounts and why you need one.
 
01:28
Profit & Loss is a measure of money made in a year to show how well the business is doing and for calculating tax. Find out more at www.ams-accountancy.co.uk