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Tax and influencers
Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have declared the tax that they owe….
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Beware of diverting dividends to minor children to fund education
Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused…
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Relief for post-cessation expenses
Our latest blog article looks at “Relief for post-cessation expenses” re3ad on to find out more The end of a business will…
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Interest rates are high – Benefit from short-term loans from your company
Our latest blog looks at borrowing money from your company “Interest rates are high – Benefit from short-term loans from your company”…
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Voluntary disclosure
Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors or omissions in their tax returns, unpaid taxes,…
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Capital allowances on leased assets – Options for tax relief
The decision to acquire a business asset, be it a van or any other type of machine, will generally depend on how…
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Telling HMRC that you have no corporation tax to pay
If you have a company that is dormant and you have filed your company tax return showing that no tax is due,…
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Key person insurance – When can you claim a deduction?
The profitability or earning capacity of a business may depend on one person or on a small number of people. Where this…
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Extracting profits from a property company
Recent tax changes, in particular the interest restriction for unincorporated property businesses with residential lets, have resulted in more landlords operating via…
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Check your business rates are not too high
Business rates, rather than council tax, are charged on most non-domestic properties, such as shops, offices, warehouses, pubs, factories, guest houses, and…
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