Wilkins Southworth Chartered Certified Accountants
Wilkins Southworth Chartered Certified Accountants
  • Видео 138
  • Просмотров 77 492
LLPs Tax Benefits - Tax Advantages for LLPs
Tax benefits of a Limited Liability Partnership
A Limited Liability Partnership (LLP) combines features of limited partnerships and limited companies, making it a popular choice for high-value professions like law, accounting, and consultancy.
When it comes to taxation, LPs and LLPs are often described as “pass-through vehicles”, meaning that the partnership’s gross profits are paid annually to the partners. LLP payments are recognised as gross income for each partner, and the individual must fulfil their tax liability. In essence, each partner is treated as self-employed, based on their profit share from the LLP, and is obliged to lodge a self-assessment return each tax year.
At Wilkins Sou...
Просмотров: 35

Видео

Chris Wilkins is the guest speaker at a Paul Selman's conference
Просмотров 872 месяца назад
Chris Wilkins is the guest speaker at a Paul Selman's conference
Dan Bradbury talks to Chris Wilkins about exiting your business
Просмотров 1202 месяца назад
Dan Bradbury talks to Chris Wilkins about exiting your business
Chris Wilkins explains the tax implications when selling crypto currencies.
Просмотров 3912 месяца назад
Chris Wilkins explains the tax implications when selling crypto currencies.
Property tax liabilities for non UK residents.
Просмотров 252 месяца назад
Property tax liabilities for non UK residents.
Chris Wilkins covers the topic of filing accounts for micro & small companies.
Просмотров 212 месяца назад
Chris Wilkins covers the topic of filing accounts for micro & small companies.
HMRC Spotlight 64: Employment agencies and umbrella companies
Просмотров 1112 месяца назад
HMRC Spotlight 64: Employment agencies and umbrella companies
Is my accountant a good match for my business?
Просмотров 392 месяца назад
Is my accountant a good match for my business?
Pros & cons of subsidiaries created by a parent company to isolate financial risk.
Просмотров 462 месяца назад
Pros & cons of subsidiaries created by a parent company to isolate financial risk.
What questions should you ask your accountant?
Просмотров 603 месяца назад
What questions should you ask your accountant?
What to do if HMRC ask for an historic tax return.
Просмотров 1743 месяца назад
What to do if HMRC ask for an historic tax return.
Chris Wilkins explains the suitability of his services for different clients.
Просмотров 333 месяца назад
Chris Wilkins explains the suitability of his services for different clients.
Chris Wilkins explains why he became an accountant.
Просмотров 523 месяца назад
Chris Wilkins explains why he became an accountant.
Chris Wilkins answers the question "When is the best time to change your accountant?"
Просмотров 343 месяца назад
Chris Wilkins answers the question "When is the best time to change your accountant?"
Christina Robinson asks about the articles published on the wilkinssouthworth.co.uk website.
Просмотров 233 месяца назад
Christina Robinson asks about the articles published on the wilkinssouthworth.co.uk website.
Tax implications of rental properties in France and UK.
Просмотров 463 месяца назад
Tax implications of rental properties in France and UK.
Tax management with UK and French properties.
Просмотров 253 месяца назад
Tax management with UK and French properties.
Tax implications of different company structures for property owners
Просмотров 663 месяца назад
Tax implications of different company structures for property owners
Chris Wilkins talks about Annual Tax on Enveloped Dwellings and Mick Jagger's house.
Просмотров 353 месяца назад
Chris Wilkins talks about Annual Tax on Enveloped Dwellings and Mick Jagger's house.
What should I do if my business is not making a profit?
Просмотров 163 месяца назад
What should I do if my business is not making a profit?
Christina Robinson asks Chris Wilkins if you can have two accountants
Просмотров 453 месяца назад
Christina Robinson asks Chris Wilkins if you can have two accountants
How to deal with HMRC enquiries
Просмотров 723 месяца назад
How to deal with HMRC enquiries
Christina Robinson asks Chris Wilkins for ideas on how companies might invest.
Просмотров 243 месяца назад
Christina Robinson asks Chris Wilkins for ideas on how companies might invest.
Why take out fee protection insurance? HMRC investigations
Просмотров 1664 месяца назад
Why take out fee protection insurance? HMRC investigations
HMRC Spotlight Service - Tax avoidance schemes
Просмотров 1784 месяца назад
HMRC Spotlight Service - Tax avoidance schemes
Property Tax Exemptions and Reliefs - UK Property Tax
Просмотров 2 тыс.4 месяца назад
Property Tax Exemptions and Reliefs - UK Property Tax
Tax Tip: An introduction to VAT
Просмотров 664 месяца назад
Tax Tip: An introduction to VAT
Who pays all the taxes? - Who pays all the tax in the uk?
Просмотров 5694 месяца назад
Who pays all the taxes? - Who pays all the tax in the uk?
Tax Tip: Buying a car through your business.
Просмотров 1784 месяца назад
Tax Tip: Buying a car through your business.
Tax Exemptions - Unknown Tax Allowances
Просмотров 3,8 тыс.5 месяцев назад
Tax Exemptions - Unknown Tax Allowances

Комментарии

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 2 дня назад

    If you have questions about Tax Advantages for LLPs or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @jeffraybould5135
    @jeffraybould5135 6 дней назад

    💪🏽

  • @raindancer80
    @raindancer80 9 дней назад

    The sad thing is, the Labour government did that in the 70's, when Keir Starmer was at school, everyone with any sense realised it was wrong and couldn't work, and yet, here we are. The incapacity to learn from mistakes makes me wonder what proportion of current government thinking is foolish, and what proportion is madness.

  • @danbradbury4067
    @danbradbury4067 10 дней назад

    Great poiny

  • @bartz4439
    @bartz4439 11 дней назад

    But i don't have a time for better future

  • @danbradbury4067
    @danbradbury4067 12 дней назад

    Love this. Most accountants are nowhere near this thorough in minimising their clients tax liabilities

  • @cadizsummers3078
    @cadizsummers3078 28 дней назад

    My wife and I ran a Ltd company for at least ten years in the UK. My wife recently passed away and now I want to cease trading and retire. The assets in the company is money in the business account around £260k. Included in this amount there is £85k invested in a fixed time bank account that matures in February 2025 the rest of the funds are in a normal business account. Will I qualify for BADR?

    • @wilkinssouthworthchartered6968
      @wilkinssouthworthchartered6968 12 дней назад

      Please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @sssfff
    @sssfff 28 дней назад

    Hi, if the beneficiary has not bought any properties yet, will he still need to pay stamp duty when he received his first property via the trust?

    • @wilkinssouthworthchartered6968
      @wilkinssouthworthchartered6968 12 дней назад

      Please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @danbradbury4067
    @danbradbury4067 Месяц назад

    Love your analysis

  • @blightygames
    @blightygames Месяц назад

    Churchill was also a big believer in the NHS, the thing the Tories let rot for 14 years. Ill take a chance on Labour because no one else deserves it

  • @danbradbury4067
    @danbradbury4067 Месяц назад

    Absolutely shocking!😢

  • @Boxercise
    @Boxercise Месяц назад

    Chris is a legend - the most expert accountant I have ever met !

  • @DullesDick-u6c
    @DullesDick-u6c Месяц назад

    Young Elizabeth Gonzalez Robert Johnson Edward

  • @brianogilvie1359
    @brianogilvie1359 2 месяца назад

    4.23:You refer to 'company' profits. Er,I think you mean 'sole trader' !

  • @DullesDick-u6c
    @DullesDick-u6c 2 месяца назад

    Davis Timothy Williams Anthony Moore Angela

  • @RabiMohammed-r5v
    @RabiMohammed-r5v 2 месяца назад

    the code please

  • @DKG-hatchery-boy
    @DKG-hatchery-boy 2 месяца назад

    What's the answer?

  • @witoldwisniewski
    @witoldwisniewski 2 месяца назад

    Chris, this is extremally insightful! Thanks for sharing!

  • @robc1014
    @robc1014 2 месяца назад

    It’s a real shame what IR35 has done to the contracting world in the UK.

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 2 месяца назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @veejayabissessur1381
    @veejayabissessur1381 2 месяца назад

    Sir, We have a newly residential property business which deals in buying residential properties for rental purposes and also involve in construction of building on bare land. We want to recover input vat on our refurbishments and labour and materials. I know vat is exempt on residential property. Do we need to OPT IN for tax so that we can recover vat on our expenses. A reply would be very much appreciated. Thanks

    • @wilkinssouthworthchartered6968
      @wilkinssouthworthchartered6968 12 дней назад

      Please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @danbradbury4067
    @danbradbury4067 2 месяца назад

    I love these videos. Clearly explained. So many people make this needlessly complex

  • @danbradbury4067
    @danbradbury4067 3 месяца назад

    This is a great video! "permanently pregnant!" 🤣

  • @danbradbury4067
    @danbradbury4067 3 месяца назад

    Great video!

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 3 месяца назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/conta... as this is the quickest way to receive a response. wilkinssouthworth.co.uk/contact-us/

  • @danbradbury4067
    @danbradbury4067 3 месяца назад

    great video

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 4 месяца назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. wilkinssouthworth.co.uk/contact-us

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 4 месяца назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. wilkinssouthworth.co.uk/contact-us

  • @rakibrahman12
    @rakibrahman12 4 месяца назад

    Very beneficial information.

  • @danbradbury4067
    @danbradbury4067 4 месяца назад

    Good example

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 4 месяца назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. wilkinssouthworth.co.uk/contact-us

  • @elizabethtamp1537
    @elizabethtamp1537 4 месяца назад

    What about all the taxable income that is washed free of via offshore banks. Furthermore, there's Amazon who last year's earned of €42 profit in Europe and did pay a cent in tax. I heard once that approximately £120 billion pass through the City of London laudromat annually with no tax deduction.

  • @RichardCheshire
    @RichardCheshire 4 месяца назад

    I know that top earners pay a lot of tax, but there seems to be very little here in the way of how much people pay who gain their income as a product of asset ownership such as collection of rent, debt repayment, or dividends

  • @stevew3226
    @stevew3226 4 месяца назад

    Where did you get £8000 from for a higher rate tax payer?

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 5 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us/ as this is the quickest way to receive a response.

  • @derrviel
    @derrviel 6 месяцев назад

    Thanks for doing this! I have a question on commercial properties, say X purchased and opted to tax a building years ago. When X sells the building to Y now, VAT will need to be charged right? And Y will then need to opt to tax the building in order to recover the VAT?

    • @wilkinssouthworthchartered6968
      @wilkinssouthworthchartered6968 5 месяцев назад

      Please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @karlkearns615
    @karlkearns615 6 месяцев назад

    How come it’s always the working people that foot the bill in tax payments for incompetent spending by govement and are never held accountable

  • @Boxercise
    @Boxercise 6 месяцев назад

    That’s great advice as it’s a large sum !

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 6 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @8XL
    @8XL 6 месяцев назад

    speak up buddy, cant hear ya

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 6 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 6 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @fy8moto261
    @fy8moto261 6 месяцев назад

    Fantastic video and content, thank you for sharing. I have a scenario for you to consider, I signed a lease on Six residential unit. These units were created converted from an old bank building in a town centre and these are the upper floors that used to be the offices. The landlord is now trying to charge me, on this deal, my accountants state that you can’t charge that on residential unit. Is this correct? Best regards

    • @wilkinssouthworthchartered6968
      @wilkinssouthworthchartered6968 6 месяцев назад

      Please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 6 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @JohnHSmith-q9f
    @JohnHSmith-q9f 7 месяцев назад

    Tax = Theft and re-distribution of wealth!!!

  • @CosmosChill7649
    @CosmosChill7649 7 месяцев назад

    Tax terrorism is a real thing. But the media doesn't report this terror

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 7 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 7 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. wilkinssouthworth.co.uk/contact-us

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 8 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response.

  • @wilkinssouthworthchartered6968
    @wilkinssouthworthchartered6968 8 месяцев назад

    If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. wilkinssouthworth.co.uk/contact-us