Finance & Accounting>Corporation Tax
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, you may think
October 4, 2023
Finance & Accounting
Taxation of dividends in 2023/24
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient,
April 17, 2023
Finance & Accounting
Associated companies and impending corporation tax rate changes – what are the tax implications?
Most directors know that as of 1 April 2023, companies with taxable profits in excess of £250,000 will pay corporation tax at the main rate
February 6, 2023
Finance & Accounting
Are electric cars still a tax-efficient benefit?
As well as a mechanism for collecting revenue, the tax system is also used to encourage certain behaviours and discourage others. Once example where this
January 20, 2023
Finance & Accounting
Rising mortgage costs – What tax relief is available?
In a climate of interest rate hikes and rising mortgage rates, property investors will want to ensure that they do not miss out on tax
December 2, 2022
Finance & Accounting
Dividend Planning
The Chancellor’s recent mini-Budget and subsequent U – turns threw a number of spanners into the works as far as profit extraction strategies are concerned.
November 15, 2022
Finance & Accounting
Five tax-efficient ways to extract profits
If you operate your business as a personal or family company, you will need to extract some or all of the profits if you wish
October 19, 2022
Finance & Accounting
Is a property company a tax-efficient option?
Tax changes in recent years to the way that unincorporated landlords are treated for tax purposes, particular in respect to relief for interest, have resulted
September 30, 2022
Finance & Accounting
Family Investment companies – how do they work?
Although Family Investment Company’s (FIC) have been around for several years, awareness of the flexibility that such a vehicle affords has been growing in recent
September 26, 2022
Finance & Accounting>Finance & Accounting
Corporation tax – are you ‘associated’?
The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend on the level of its
June 20, 2022
Finance & Accounting>Finance & Accounting
Corporation tax increases soon to take effect
Corporation tax is being reformed and companies with profits of more than £50,000 will pay corporation tax at a higher rate than they do now.
March 15, 2022
Tax implications of making loans to directors
Where a family company has cash in the bank but profits have been adversely affected by the pandemic, directors of a family company may wish
November 30, 2020
Helpful information on income and corporation tax relief when deciding to shut down a business
Terminal loss relief Sadly, not all businesses will survive the Covid-19 pandemic, and many may take, or be forced to take, the decision to close
September 9, 2020
Property Business – What SIC code should I use for my property Company ?
A SIC code stands for Standard Industrial Classification code, and classifies your business activity at Companies House. SIC code for a company can be changed
October 3, 2019
Salary v dividend for 2019/20
A popular profits extraction strategy for personal and family companies is to extract a small salary, taking further profits as dividends. Where this strategy is
May 1, 2019