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Shout99 has a number of special offers for its readers to help you run your small business (click on red links for more information):
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PI insurance
From £98 for freelancers and management consultants |
Income protection/PHI
Tailored income protection/PHI insurance for freelancers |
Pensions
Online pension finder for freelancers |
Banking
Specialist banking service for small businesses and freelancers |
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Section 660 Information Centre
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Section 660 affects Ltd companies owned by husband and wife. Shout99 will be keeping freelancers and small businesses informed on this latest threat via this dedicated information centre.
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The full text of the judgment giving victory to Arctic Systems in the Court of Appeal Section 660 case is now available.
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As the ink dried on the 108 paragraph judgement in the landmark Arctic Systems case, tax experts were unanimous in their agreement that this was a good day for husband and wife businesses. Qdos Consulting said that 'none of the judges found any merit whatever in the Revenue's application of the settlements legislation(section 660) to Mr and Mrs Jones's case'.
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Accountant Nicola Ross Martin described the Court of Appeal ruling in favour of Arctic Systems as nothing more than a ruling on common sense'.
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The Court of Appeal ruled that the Inland Revenue made a 'significant extension' - and an incorrect one - to the Section 660 legislation in a landmark ruling which found in favour of the hundreds of thousands of married couple's in business together.
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Tens of thousands of married couples in business today received an early Christmas present with a victory in the Court of Appeal Section 660 case.
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The Court of Appeal is expected to hand down its decision in the land mark Section 660 case involving Arctic Systems today (December 15)
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The landmark Section 660 case involving Arctic Systems reached the Court of Appeal this week.
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November 29 sees the start of a landmark case which could have significant financial implications for hundreds of thousands of small businesses owned by husband and wives or close partners. Shout99 reviews why the eyes of the small business community are now focused on a small West Sussex IT consultancy called Arctic Systems.
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Next week, the curtain again rises on the on-going legal saga of Section 660 - the so-called 'married couple's business tax'. Section 660 faces its biggest test yet as it moves up the judicial chain to the Court of Appeal, having already appeared in the Special Commissioners and the High Court.
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The landmark Section 660 tax case on the amount of tax paid by married couples in business has been brought forward which increases the chances of a result before the January 31 income tax assessment deadline.
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