Business Taxation

How do you distinguish between an individual who is employed and one that is self- employed?Why do people prefer self-employment rather than being employed, resulting in so many IR 35 cases?

 Business Taxation Question 1: Linda’s income statement for the year ended 31 March 2021 is as follows: Sales Less: Cost of Sales Gross Profit Add: Rents receivable Bank interest receivable Profit on sale of non-current asset Less: Wages and salaries Business rates and insurance Heating and lighting Repairs and renewals Telephone Motor Expenses Sundry expenses […]

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