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

It is prudent to plan ahead for retirement and tax breaks are available to encourage savings into a registered pension scheme....

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

To help meet the costs of health and adult social care, a new levy, the Health and Social Care Levy, is introduced from 6 April 2023....

All individuals are entitled to an annual exempt amount for capital gains tax purposes. For 2021/22 and 2022/23, the annual exempt amount...

Increasing the normal minimum pension age Born on or after 6 April 1973? You may be impacted. The normal minimum pension age (NMPA) is...

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...

RTI penalties and period of grace Under real time information (RTI), employers are required to report pay and deductions information to...

Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for...

Although married couples and civil partners are assessed individually for capital gains tax purposes and each has their own annual exempt...

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...

As furlough comes to an end, you may need to consider letting staff go. If this is the case, you will need to budget for the Class 1A...

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

If you became self employed in 2020 or 2021, it’s likely that you weren’t eligible for any government grant, probably realised a loss...

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...

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