The EORI number and trading with the EU

Local accountants and tax advisers, Trueman Brown, warn exporters about the importance of the EORI number. An economic operator registration and identification (EORI) number will be needed for UK businesses to be able to continue to trade with the EU after the UK...

Nominating your main residence!

Local accountants and tax advisers, Trueman Brown, advise homeowners at the capital gains tax exemption for private principal residence and nominating your main residence. Private residence relief shelters a gain on the sale of a residence from capital gains tax while...

When and how businesses should incorporate?

Local accountants and tax advisers, Trueman Brown, advise local businesses when they should look to incorporate and what the method of incorporation should be. Over the last decade, corporation tax rates for most companies – irrespective of size – have...

Sole traders and Class 4 National Insurance contributions

Local accountants and tax advisers, Trueman Brown, warn sole traders of the changes made to the national insurance contributions they pay. The self-employed pay two classes of National Insurance contributions – Class 2 and Class 4. Class 2 contributions are weekly...

Construction companies and the domestic reverse VAT charge

Local accountants and tax advisers, Trueman Brown, warn local construction and building companies to prepare for the domestic reverse VAT charge now! The domestic reverse VAT charge for building and construction services was due to come into effect from 1 October...