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Frequently Asked Questions

Business

I earn less than £10,000 from self-employment. Do I have to register for anything?

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How can I protect my business?

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When should I hire an accountant?

Read all Business Insights

Contractors

What are my options for being paid as a Contractor?

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What insurances should I have as a Contractor?

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Can my Contractor wife and I use the same Company?

Read all Contractor Insights

Expenses

What is the special 24 month rule on working overseas?

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Can I claim expenses for doing business admin at home?

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Can I claim my new computer as a business expense?

Read all Expense Insights

Landlords

What expenses can I claim against my rental income?

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What is the HMRC Buy to Let Amnesty?

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What are the new tax rules on landlord’s mortgage interest?

Read all Landlord Insights

Pensions

What’s the impact if I over fund my pension?

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What is the tax relief on pensions?

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What is a Qualifying Year for state pension purposes?

Read all Pension Insights

Tax

How do I register for CIS?

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Is there any income that is tax free?

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What are HMRC Payments on Account in January and July?

Read all Tax Insights

VAT

VAT reverse charge for building and construction services

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How will MTD affect my VAT registered business?

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VAT codes to use when bookkeeping in Xero, QuickBooks, Sage and Kashflow

Read all VAT Insights

Our Latest Insights

What car expenses can I claim for my business?

Nov 12, 2024 | Expenses

Find out what car expenses you can claim for your business

What is the difference between Joint Tenants and Tenants in Common?

Nov 11, 2024 | Landlords, Property

If you are in a marriage or stable relationship, then buying as Joint Tenants is probably fine. With this method, you own the property jointly, you split income and costs equally and, on the death of one owner, the other owner automatically inherits the deceased...

What are the capital gains tax rules on sale of residential properties?

Oct 30, 2024 | Tax

If you are a UK resident and you are selling your residential property, any Capital Gains Tax due will have to be calculated and paid to HMRC within 60 days. For the vast majority of sales, no Capital Gains Tax (CGT) will be...

Ask AMS Videos

In 2007 we had the idea of publishing short articles in the local press which could be useful for small businesses. Our approach was to answer questions frequently asked by our clients with clear and genuinely helpful answers.

The natural progression was to produce videos and since 2015 our video library has increased to over 80 videos in 7 different categories.

We make every effort to stay relevant to small business and contractor issues – hopefully you will find them useful and easy to understand!

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If you are a small business or a Contractor – we are here for you. We will help you through all stages from setting up to reviewing your existing business – making sure that you have the most tax effective structure.

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