Date posted: 21st Nov 2024
A director may withdraw money from the company for personal use or may lend money to the company. The company may pay some of the director’s personal bills, and the director may personally meet some company expenses. The director’s loan account is simply an account for recording the transactions between the director and the company in much the same way as a bank account.
Date posted: 21st Nov 2024
Where a person reaches state pension age on or after 6 April 2016, they need 35 qualifying years for a full state pension. If they have less than 35 qualifying years but at least 10, they will receive a reduced state pension.
Date posted: 21st Oct 2024
In anticipation of the Labour party’s first budget statement in nearly 15 years, there is widespread speculation regarding how the new Chancellor plans to balance the books amidst claims of an inherited financial shortfall.
Date posted: 18th Sep 2024
If it works correctly, the tax that is collected under PAYE will exactly match the tax that is due for the year. However, in practice, this balance may…
Date posted: 18th Sep 2024
It seems HMRC have noticed breeders selling puppies and kittens on the internet and are focusing on “nudging” breeders to ask them to come forward in relation to…
Date posted: 18th Sep 2024
Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will use the money to increase the company’s profit….
Date posted: 18th Sep 2024
Whilst HMRC continue to tighten up on R&D, companies should not be deterred from making a valid claim for R&D relief. However, one of the key changes introduced,…
Date posted: 18th Sep 2024
The budget day is approaching which means that our professional contacts in the insolvency industry are usually inundated with enquiries about placing companies into member’s voluntary liquidation (MVL)….
Date posted: 12th Aug 2024
The date for the first new government Budget has been set – 30 October 2024. We will of course be digesting the changes and feeding this back to…
Date posted: 12th Aug 2024
As a landlord, periodically you will need to undertake work on your property. This may simply involve fixing a leaky tap or redecorating, or the work may be…
