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Videos uploaded by user “AMS Accountancy Ltd”
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
Views: 10309 AMS Accountancy Ltd
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
Views: 3498 AMS Accountancy Ltd
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
Views: 4128 AMS Accountancy Ltd
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
Views: 7827 AMS Accountancy Ltd
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
Views: 2181 AMS Accountancy Ltd
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
Views: 5249 AMS Accountancy Ltd
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
Views: 1513 AMS Accountancy Ltd
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
Views: 15596 AMS Accountancy Ltd
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
Views: 1768 AMS Accountancy Ltd
Expenses that aren’t tax deductible
 
05:06
Common expense claims/queries that aren’t tax deductible
Views: 1916 AMS Accountancy Ltd
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
Views: 872 AMS Accountancy Ltd
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
Views: 2733 AMS Accountancy Ltd
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
Views: 646 AMS Accountancy Ltd
National Insurance - the hidden tax
 
04:04
An opinion piece on how National Insurance is often ignored despite being an important and costly tax.
Views: 532 AMS Accountancy Ltd
Tax Free Income
 
03:42
New tax free allowances for various types of income
Views: 1058 AMS Accountancy Ltd
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
Views: 1083 AMS Accountancy Ltd
What are the new tax rules on landlord's mortgage interest?
 
02:13
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
Views: 2504 AMS Accountancy Ltd
How to delay registering for VAT
 
05:12
Explaining how businesses selling to consumers can delay having to register for VAT.
Views: 304 AMS Accountancy Ltd
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
Views: 912 AMS Accountancy Ltd
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
Views: 469 AMS Accountancy Ltd
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
Views: 542 AMS Accountancy Ltd
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
Views: 845 AMS Accountancy Ltd
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
Views: 971 AMS Accountancy Ltd
Annual Investment Allowance
 
01:57
How a business can get 100% tax relief on purchase of capital equipment
Views: 171 AMS Accountancy Ltd
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
Views: 1205 AMS Accountancy Ltd
Essential – addresses for Limited Companies
 
02:37
Three essential addresses for setting up a Limited Company
Views: 246 AMS Accountancy Ltd
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
Views: 2641 AMS Accountancy Ltd
The tax timetable for electric cars
 
02:31
Electric cars will be more tax efficient from 2020/21
Views: 158 AMS Accountancy Ltd
‘Market Value’ rules can affect the transfer of a buy-to-let to a Limited Company
 
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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
Views: 319 AMS Accountancy Ltd
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
Views: 3629 AMS Accountancy Ltd
Making Tax Digital for VAT
 
03:09
How MTD will effect businesses with annual sales over £85,000 from April 2019.
Views: 1923 AMS Accountancy Ltd
What are my options for being paid as a Freelancer?
 
02:41
Explaining 3 options plus pros and cons when being paid as a Freelance Contractor: Agency payroll; Umbrella or Personal Service Company.
Views: 169 AMS Accountancy Ltd
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
Views: 741 AMS Accountancy Ltd
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
Views: 303 AMS Accountancy Ltd
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
Views: 376 AMS Accountancy Ltd
How Limited Company Dividends work
 
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An introduction to Limited Company Dividends - profits are paid out of the Company as dividends to shareholders when proposed by the Directors When a Limited Company makes profit it pays the profit out to its owners by Dividends - which are paid out in proportion to the shares held by the shareholders. Someone with 100 shares will be paid 100 times more dividends than someone with 1 share. Dividends can be paid out monthly or weekly, it doesn’t have to happen twice a year. As long as the Directors are satisfied that there is enough profit, they can meet and decide on the Dividends to be paid out, and should record a ‘Minute’. The Dividends should be recorded on the Shareholders’ Tax Returns and Income Tax paid if it is due. Find out more at www.ams-accountancy.co.uk
Views: 167 AMS Accountancy Ltd
Explaining IR35 for Contractors
 
02:25
IR35 explained for new Contractors, what happens when you are caught and how not to be caught. When someone becomes a Contractor working through a Limited Company, they should learn about IR35 which has been around since the year2000. IR35 refers to a hypothetical contract between you and the end client and basically dictates how much tax you will pay. If it is decided that your contract is more like employment than self-employment you are caught by IR35. You will then have to treat your sales income like a salary and pay PAYE and National Insurance from it. If you aren’t caught, you can pay yourself like any other Company such as; paying yourself a small salary and taking Dividends, splitting Dividends with your spouse, getting tax relief on expenses. In April 2017 new rules were applied in the Public Sector which says the end client must now decide whether you are caught by IR35 or not and these rules will apply in the Private Sector from April 2020. This means that if you are caught, the client will have to deduct PAYE and National Insurance from your sales income. It’s very important to find out from your accountant what your status is in relation to IR35. Find out more at www.ams-accountancy.co.uk
Views: 362 AMS Accountancy Ltd
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
Views: 225 AMS Accountancy Ltd
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
Views: 190 AMS Accountancy Ltd
HMRC Buy to Let Amnesty
 
02:06
What HMRC are doing to encourage landlords to come clean
Views: 297 AMS Accountancy Ltd
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
Views: 263 AMS Accountancy Ltd
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
Views: 174 AMS Accountancy Ltd
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
Views: 148 AMS Accountancy Ltd
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
Views: 207 AMS Accountancy Ltd
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
Views: 143 AMS Accountancy Ltd
Freelancers, salaries, dividends and tax.
 
02:32
Helping Freelancers understand different options for handling income. Salary, dividends and splitting dividends with a partner.
Views: 207 AMS Accountancy Ltd
I want to change the date for my Company year end, can I do this?
 
02:22
This video looks into uses and the effects of changing the date of a Company accounting year. Find out more at www.ams-accountancy.co.uk
Views: 161 AMS Accountancy Ltd
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
Views: 1001 AMS Accountancy Ltd
Insurances that a Freelance Contractor should have.
 
03:11
This video explains what a Freelancer’s contract may dictate and the different insurances that they must and could have. Find out more at www.ams-accountancy.co.uk REF: F019
Views: 101 AMS Accountancy Ltd
The world of tax is set up for married couples
 
03:24
Married and Civil Partnership couples have many tax advantages including no Capital Gains, and exemptions from Inheritance Tax. There are 4 tax advantages for married couples 1) Inheritance Tax – normally IHT applies when assets are more than £325,000. If you are married; as a couple IHT will only apply to assets above £650,000. So as long as you leave your assets to your spouse, there is no IHT to pay on assets below £650,000. 2) Income Tax – when a spouse transfers assets such as property, shares, etc. to their spouse, it is considered to be for a ‘no gain, no loss’ value so there is no tax to pay. Assets can be gifted back and forth to minimise tax and to maximise the exemptions. 3) Marriage Allowance – a ‘non tax payer’ can transfer 10% of their Personal Tax Allowance to a spouse who is a basic tax payer, saving about £240/year. 4) Capital Gains Tax - because you can transfer between spouses, if you expect a large capital gain, you can transfer assets to your spouse so that their share of the gain is taxed at a lower rate. This means you can equalise the tax between you. Find out more at www.ams-accountancy.co.uk
Views: 143 AMS Accountancy Ltd

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