UNDER REVIEW FOLLOWING THE CHANCELLORS SPRING STATEMENT When you are trading through your own limited company, you can optimise how you...

If you operate your business through a personal or family company and extract profits in the form of dividends, it is prudent to review...

Are you a company director or shareholder? Do you know how your dividends are taxed? What about the impact of the new health and social...

Are you a director or shareholder who has loaned money to their company to help keep it afloat? Where a director borrows money in order...

Good monthly processes and some up front preparation are the formula for successful accounts and tax Is your business year end coming up?...

For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further...

What is a valid VAT invoice or reciept? Don't get caught out with the wrong paperwork. HMRC will only accept claims for input VAT when...

Confused on when VAT can be reclaimed for charging an electric car for business purposes? You're not alone. HMRC have recently tried to...

What should you do if your business doesn’t have enough profits to pay a #Dividend? There are several options available... If you operate...

Did you know that special rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities? You...

If you’ve provided taxable benefits and expenses to your employees this year you will need to let HMRC know by 6 July 2021. Employers who...

5% extended to 30 September, 12.5% from October until 31 March 2022. Does your business benefit? To help the hospitality and leisure...

Eligibility and how to apply As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of...

Tax allowances for income, capital gains tax, inheritance tax and more have been frozen until April 2026 to help meet some of the cost of...

To encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. If...

Take advantage of the enhanced carry back of losses Many businesses have suffered losses as a result of the Covid-19 pandemic, and where...

A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further...

2021/22 National Insurance Contributions - what you need to know. The 2020/21 tax year starts on 6 April 2021. From that date, new...

If you provide services through an intermediary (company or partnership) here's what you need to know. Prior to 6 April 2021, workers who...

A super decision tree from FreeAgent The information contained within in this article is provided for informational purposes only and is...