What is an LLP?
Date posted: 7th Jul 2021
A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be for a company…
Date posted: 7th Jul 2021
A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be for a company…
Date posted: 7th Jul 2021
It was announced at the 2021 Budget, that the corporate tax rate would rise from 19% to 25% from April 2023. Considering that corporate tax was meant to…
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 the month of July the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not worked. This…
Date posted: 7th Jul 2021
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the…
Date posted: 7th Jul 2021
Pension contributions to approved pension funds on behalf of employees and directors continue to be a tax-free benefit provided the annual input limit is not breached. The contributions…
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: 3rd Jun 2021
It was announced at the 2021 Budget that a company with trading losses incurred in accounting periods ending between 1 April 2020 and 31 March 2022 can be…
