Salary or dividend best in 2023/24?
In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from their family […]
Month: October 2023
Year end tax planning ideas for your business
It is always a good idea to set up a planning meeting with us a couple of months before your business year […]
Not all LLP members are self-employed
Since April 2014 members of a LLP are no longer automatically treated as self-employed for tax purposes. A recent case before the […]
HMRC challenges LLP scheme for property businesses
HMRC have recently published Spotlight 63 which alerts taxpayers to a marketed tax avoidance scheme that claims to help taxpayers reduce the […]
Charging electric cars at home
HMRC have recently clarified their view of the tax treatment of the reimbursement of electricity costs where employees charge their electric company […]
Reclaiming input VAT on the sale of shares
The sale of shares is an exempt supply for VAT purposes, which means that input VAT on professional fees in connection with […]
Diary of main tax events November / December 2023
Date What’s Due 1 November Corporation tax for year to 31/01/2023, unless quarterly instalments apply 19 November PAYE & NIC deductions, and […]
Why the Government’s changes to pension auto-enrolment will benefit younger savers
The Government has recently passed an important piece of legislation, the ‘Pensions (Extension of Automatic Enrolment) Act 2023’, which could significantly impact […]
Government plans to increase the ISA allowance
The Chancellor of the Exchequer, Jeremy Hunt, is reportedly considering significant reforms to Individual Savings Accounts (ISAs), which could result in substantial […]
Can you take out more than one life insurance policy to protect your loved ones?
Life insurance is a crucial financial safety net that provides peace of mind for you and your loved ones. But what if […]
Request a call back