Extracting profits – are you being tax efficient?
Date posted: 7th Jul 2021
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further funds needed in the form…
Date posted: 7th Jul 2021
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further funds needed in the form…
Date posted: 7th Jul 2021
There could be a rise in the number of divorces, following recent announcement that the Divorce, Dissolution and Separation Act 2020 will come into force in April 2022….
Date posted: 3rd Jun 2021
A recent case before the tax tribunal has confirmed that all of a company’s shares are ordinary shares except those that carry a fixed rate of return. This…
Date posted: 3rd Jun 2021
When a person passes away, the value of assets in their estate are usually revalued to market value, at the date of death, for capital gains tax purposes….
Date posted: 22nd Mar 2021
As discussed in prior years, we are now entering the annual reporting period for this Annual Tax on Enveloped Dwellings (“ATED”) charge which has a tax, and reporting,…
Date posted: 8th Mar 2021
If you survey most people, they would expect that they would not pay any tax on the sale of their main home, if the property has been their…
Date posted: 12th Oct 2020
Over recent years we have helped a lot of new clients declare previously undeclared rental income to HMRC. The rental income has usually not been declared as a…
Date posted: 12th Oct 2020
If you are introducing subcontractors to install or fit products that you sell to customers, then you need to take care to ensure that you do not end…
Date posted: 16th Sep 2020
The Coronavirus Business Interruption Loan Scheme (CBILS) is set to close for applications on 30 September 2020. If you are still thinking about borrowing under the scheme before…
Date posted: 14th Aug 2020
As the UK officially enters a recession, we take a look at what tax planning opportunities may be available for individuals and businesses. A few potential ideas are…
