Taxation of dividends in 2023/24
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However,…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However,…
As far as National Insurance was concerned, the 2022/23 tax year was a tricky one featuring in-year changes to the…
In an alphabet share structure, each shareholder has a different class of share. For example, one shareholder may have A…
The Employment Allowance is an allowance that eligible employers can claim to set against their secondary (employer’s) Class 1 National…
Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However,…
The Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable on residential property valued at more than £500,000…
If you let a furnished property, it is very likely that you will need to replace domestic items from time…
Under the original plans, landlords with rental income (or combined rental and business income) of more than £10,000 would have…
A tax charge may arise under the benefit in kind legislation where a company van is available for an employee’s…
As part of the move to Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), the basis period rules…
To encourage pension savings, tax relief is available on contributions made to registered pension schemes. However, there are limits on…
For a brief period it seemed that the days were numbered for the additional rate of tax following the announcement…
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