Starting a new business

Thinking of setting up a business? We sit down with Darren Stone at Leon & Company Chartered Accountants to talk us through the entity routes available.   Hi Darren! So, what’s the best way to set up a new business? The most common way that a new business is set up is either by using…

Thinking about becoming a private landlord?

Darren Stone of Leon & Company Chartered Accountants offers advice to those thinking about becoming private landlords. With the property market booming, many investors are considering becoming first-time private landlords as a source of passive income. This comes with many questions and concerns about the best way to minimise taxation and maximise return. Darren addresses…

Tax Tips

Untangle the web of VAT requirements with advice from Darren Stone at Leon & Company Chartered Accountants.   Should I be registered for VAT? So, that depends more about the type of business that’s being registered. If a company makes “taxable supplies” ­– in other words, sells products or services that come into the scope…

Various Tax Updates – 22nd September, 2021

Jack and Darren write with an update on the support available to individuals and businesses affected by the pandemic which comes to an end on 30th September. We also write in connection with the Government’s recent announcement that employees, employers and the self-employed, in England, will all pay 1.25p more in the pound for National Insurance (NI) from April 2022. This also affects…

Making Tax Digital

In this blog, partners Jack Posner and Darren Stone of Leon and Company Chartered Accountants in Leeds write about Making Tax Digital. For all those business owners, unless you’ve been on a desert island, you will no doubt have heard about the new ‘Making Tax Digital’ regime. If you haven’t heard of it, then you…

Tax Digital

Making Tax Digital (MTD) Until recently, we were facing radical changes to the tax system to accommodate this objective. Businesses (including landlords) were to be required to upload summarised accounts data from their accounts software on a quarterly basis. This information, plus details of other income was to be collected in a personal tax account…