Director’s loans and tax issues
Date posted: 17th Oct 2023
Due to recent rises in interest rates, director-shareholders may look to borrow some funds from their own limited company, to help with personal finances. However, it is important…
Date posted: 17th Oct 2023
Due to recent rises in interest rates, director-shareholders may look to borrow some funds from their own limited company, to help with personal finances. However, it is important…
Date posted: 17th Oct 2023
Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend allowances of other…
Date posted: 17th Oct 2023
Rental income is a form of taxable income, that should be declared to HMRC. There are many instances where individuals have mis-understood this and have therefore not declared…
Date posted: 17th Oct 2023
As we approach the festive season, many employees will be looking forward to their Christmas party. However, it is becoming more common for employers to host a summer…
Date posted: 17th Oct 2023
Salary sacrifice is an arrangement whereby an employee reduces their salary in return for another form of benefit. The reduction in salary will mean less tax and national…
Date posted: 17th Oct 2023
The next few months are an important time of year for tax planning. For some PAYE employees, they may be entitled to a bonus depending upon company performance….
Date posted: 21st Sep 2023
It has been recently announced that the Chancellor will host his autumn statement on 22 November 2023. It will be interesting to hear the thoughts of the Chancellor…
Date posted: 20th Sep 2023
Donations to charities, under the gift aid scheme, allow the charity to reclaim some of the tax paid by the donor. If an individual donates £80 to a…
Date posted: 20th Sep 2023
If you make a capital gain on the sale of a UK residential property, you will need to report the gain to HMRC within 60 days of the…
Date posted: 20th Sep 2023
VAT registration is compulsory for any UK established persons who are in business and make or intend to make taxable supplies should either one of the following tests…
