Dean Salmon

Posts by Dean Salmon

I'm an AAT and ACA qualified Chartered Accountant with over 13 years experience working with businesses, contractors and sole traders. I also love watching live music, and quizzes!

The VAT Jargon-Buster for Businesses

The VAT Jargon-Buster for Businesses

VAT isn’t the simplest thing to get your head around, and at times the terminology makes it seem more complex. To...

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Time To Pay: Can I Request an Extension if I Can’t Pay My Tax Bill?

Time To Pay: Can I Request an Extension if I Can’t Pay My...

HMRC launched the Time to Pay arrangement scheme to help individuals and businesses struggling to pay their tax bill on time....

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Option to Tax: Waiving the VAT Exemption on Land Or Property

Option to Tax: Waiving the VAT Exemption on Land Or Property

Renting out or selling commercial property or land is usually automatically exempt from VAT, but you may be able to waive...

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What is a Letter of Intent When Selling a Business?

What is a Letter of Intent When Selling a Business?

A letter of intent sets out everyone’s intentions regarding the transfer of a business, so there’s a good chance you’ll come...

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Understanding Accountancy Terms: Overheads

Understanding Accountancy Terms: Overheads

Overheads are costs which you incur in order to run your business, but they aren’t directly related to the product or...

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Common Tax Return Errors and How to Avoid Them

Common Tax Return Errors and How to Avoid Them

Errors on tax returns can be all too easy to make, so in this guide we go over some of the...

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A Guide to Penalties for Making Tax Digital for VAT

A Guide to Penalties for Making Tax Digital for VAT

Under the rules for Making Tax Digital for VAT, VAT registered businesses must keep their financial records digitally and submit VAT...

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Leasing a Car Personally versus Through Your Limited Company

Leasing a Car Personally versus Through Your Limited Company

Should you lease a car in your own name or do it through your company? This is a question our clients...

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What’s the Best Business Structure for a Contractor?

What’s the Best Business Structure for a Contractor?

Independent contractors, consultants, or freelancers are self-employed individuals who work for businesses, usually on a short-term basis. Hiring a contractor enables...

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The Construction Industry Scheme (CIS) and Contractors

The Construction Industry Scheme (CIS) and Contractors

The Construction Industry Scheme (CIS) rules set out how tax is managed by contractors and subcontractors working in the UK construction...

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What is a Confirmation Statement?

What is a Confirmation Statement?

Limited companies and Limited Liability Partnerships (LLPs) submit confirmation statements to make sure their details at Companies House are correct and...

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How Do Sole Traders Register for Self Assessment?

How Do Sole Traders Register for Self Assessment?

Depending on how much you earn as a sole trader, you might need to register for Self Assessment so you can...

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