Tax News

Dividend paperwork – what do you need to do?

Dividend paperwork – what do you need to do?

Date posted: 26th Jun 2023

Dividends are a way to extract monies from a personal or family company. However, the rules surrounding dividends are strict and failure to comply may mean that HMRC…

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Employer tax deadline approaching – do you need to take action?

Employer tax deadline approaching – do you need to take action?

Date posted: 26th Jun 2023

If you have provided any directors or employees with benefits-in-kind or issued/transferred shares to them, during the year to 5 April 2023, then you may have to report…

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HMRC closing the helpline – can we help?

HMRC closing the helpline – can we help?

Date posted: 26th Jun 2023

It was announced recently that HMRC are closing their self assessment helpline for taxpayers for three months from 12 June 2023. This is to help HMRC resources and…

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Deferring capital gains tax on a business asset

Deferring capital gains tax on a business asset

Date posted: 26th Jun 2023

The potential to be charged capital gains tax (CGT) arises with the sale or gift of an asset. Deferral of the charge is possible with reference to business…

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Deja Vu! Voluntary State Pension Contribution Deadline Extended again

Deja Vu! Voluntary State Pension Contribution Deadline Extended again

Date posted: 7th Jun 2023

Good News! The government have extended a deadline to allow taxpayers to “top-up” their state pension entitlement , you can read more about it here. As stated in our…

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Gift aid – a sting in the tail?

Gift aid – a sting in the tail?

Date posted: 15th May 2023

Changing personal circumstances may mean that individuals who were previously taxpayers find that they are now non-taxpayers. If they are in the habit of making charitable donations under…

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2023/24 remuneration strategy

2023/24 remuneration strategy

Date posted: 15th May 2023

It is the “norm” that limited company owner managed business owners will usually draw a minimal salary (to get the national insurance credit) and dividends to meet their…

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Corporate tax increases – you may need to pay earlier

Corporate tax increases – you may need to pay earlier

Date posted: 15th May 2023

One of the consequences of the increase in corporate tax from 1 April 2023, is that you also need to consider the impact of any associated companies –…

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Releasing equity from a buy-to-let – what are the tax issues?

Releasing equity from a buy-to-let – what are the tax issues?

Date posted: 15th May 2023

Landlords who have benefited from rising property prices in recent years may wish to consider releasing equity now in case house values decrease. This may be to free…

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Entertaining – are there any tax reliefs?

Entertaining – are there any tax reliefs?

Date posted: 10th May 2023

Many businesses view entertaining clients and customers as an important part of their marketing budgets, whether as a networking opportunity, a thank you for business or an incentive…

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