Dividend taxes will they increase?
Speculation is growing that rates or allowances applied to dividend income may change in the...
Directors liability for company debts
A limited company is a separate legal entity. In normal circumstances, its debts belong to...
Did you file your tax return over the festive period?
HMRC’s figures show thousands of taxpayers are filing over the festive period, but leaving your...
Designating a property as your main residence
Owning more than one property? You can claim Capital Gains Tax (CGT) relief on just...
Definition of R&D for tax purposes
When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet...
Definition of a building sub-contractor
Know the rules for contractors & subs under CIS to avoid issues with HMRC.
Under the...
Deferring gains using Incorporation Relief
Thinking of transferring your sole trader or partnership business into a limited company? Incorporation Relief...
Deferring Class 1 NIC contributions
Employees with more than one job may be eligible to defer or delay paying Class...
Defer paying Class 1 National Insurance on a second job
Employees with a second job, third job or more may be able to defer or...
Deduction of tax on yearly interest
The tax legislation requires the deduction of tax from yearly interest that arises in the...
Debt Management Plan
Navigating financial challenges can be daunting, but understanding the tools available can make a significant...
Dealing with supply line interruptions
Supply line interruptions can be a nightmare for any business. Whether it’s a delay in...
Dealing with company unpaid debts
Unpaid debts can put a limited company at risk of a winding-up petition, potentially leading...
Deadline for paying Class 1A NIC
Employers must pay Class 1A NICs on 2024-25 benefits by 19 July (22 July if...
Cybersecurity
Cybersecurity might sound like something only big corporations need to worry about, but in truth...
Cut in interest rates
The Bank of England’s Monetary Policy Committee (MPC) met on 5 February and in a...
Current Inheritance Tax thresholds
Married couples can pass on up to £1 million tax-free if they plan their estates...
Current IHT gift reliefs
Lifetime gifts can reduce Inheritance Tax, but survival for seven years and using key exemptions...