inheritance tax planning

How To Use Trusts In Inheritance Tax Planning

Linkilaw Record Keeping & Taxes 2 Comments

The Person Without Any Tax Planning Loses… Everyday Of The Week Trusts have been a popular way to manage property and assets since the times of the Romans, and are considered a crucial part of clever tax planning. Simply put, trusts are a way to separate the legal ownership and control of a property from its equitable ownership and its …

7 Things To Know About Inheritance Tax

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As Benjamin Franklin once famously declared, ‘in this world, nothing can be said to be certain, except death and taxes’. If there’s one thing in the world that perfectly embodies Franklin’s statement, that is the inheritance tax. Formally speaking, inheritance tax is an impost on the estate of someone who has died. Under UK law, the definition of ‘estate’ comprises …

Tax Law Tips For Freelancers

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  Organising taxes can be a nightmare for many freelancers, but it’s one of the most important areas of your freelance business and one you don’t want to get wrong.   The last thing any freelancer needs is the tax man bearing down on his/her back because taxes were not reported properly. Filing and reporting taxes can seem like a …

Thinking of Hiring An Independent Contractor? Here Is What You Need To Know

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Hiring an independent contractor can be a confusing and daunting process for many companies. There are so many pros and cons, plus you may also be wondering whether or not you should hire a full-time employee instead of an independent contractor.   It’s important that you understand that there is a distinction between hiring someone as an employee and as …

How To Legally Work With Freelancers To Build Your Startup

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When launching your startup, you’ll quickly learn some of the most valuable assets to your business comes in the form of freelancers. Ranging from design, copywriting, marketing, data entry, admin, web development, you name it – freelancers are an increasingly growing group of professionals. It’s hardly any wonder that more and more entrepreneurs and companies are relying on services provided …

The Ultimate Guide To Employment Contracts

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An employment contract is the agreement between an employer and an employee, defining the nature of their relationship, and their respective rights and obligations. This is a simple explanation that perhaps any reasonable person can produce. In practice however, drafting and negotiating an employment contract can become a big hassle.   The importance of such an agreement is hard to …

legal expert advice

Why Expert Legal Advice Should Be At The Top Of Your Priority List

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If you’re the owner of a startup (or are just around the corner of becoming one), let us just say, congratulations. It’s a bold and impressive move, as well as a testament to your creativity, entrepreneurial spirit and the ability to think outside that tedious box. No matter how many, and how ingenious the cogs of your business mind, however, …

Why your business should conduct an annual audit

Why Your Business Should Conduct An Annual Audit

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As a high-reaching business owner trying to keep up with the ever growing competition and customers’ demands, you probably like to cut corners whenever possible. If we’re right, then you may have frowned at the piece of advice from our title, but give us the benefit of the doubt for a second. While the benefits of conducting an annual audit …

Is Your Kickstarter Campaign Legally Sound

Linkilaw Company Law, Home-Based Business, Record Keeping & Taxes, Startup Advice & Tips 1 Comment

Crowdfunding has become one of the most popular funding and backing sources in recent years. The biggest crowdfunding platform of all is Kickstarter.   Kickstarter has been used to fund all sorts of projects such as new books, video games, videos, and yep, business ideas and products. Over 1.6 billion dollars have been invested into Kickstarter projects since 2009. It …

employee handbook

10 Reasons You Need An Employee Handbook

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For any forward thinking company, an employee handbook is of the utmost importance. Think of it like a corporate Bible, a piece of content that lets workers know what’s required of them. It’s the rule of law, a document that wrests control from the untamed masses, exerting corporate influence and order. Well, something like that. The handbook should detail your startup’s laws on …