Repaying directors’ loans – Does the order matter?
Directors’ loans can be tricky from a tax perspective. Specific tax charges apply where loans to director shareholders of close…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Directors’ loans can be tricky from a tax perspective. Specific tax charges apply where loans to director shareholders of close…
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce…
The trading allowance enables an individual to earn up to £1,000 from self-employment, the provision of casual services (such as…
The VAT default surcharge is being replaced with a new VAT penalty and interest regime. The new rules apply to…
The dividend allowance is available in addition to the personal allowance. It allows all taxpayers regardless of the rate at…
A gain on the sale of an investment property, such as a buy-to-let or second home, will be liable to…
Many landlords purchase their investment properties with the aid of a mortgage. In the current climate of rising interest rates,…
In a climate of interest rate hikes and rising mortgage rates, property investors will want to ensure that they do…
In a climate of rising interest rates and rising inflation, every penny is likely to count. For working parents, help…
In a partnership, profits and losses are shared between the partners in accordance with the profit sharing ratio. This may…
If you need to file a self-assessment tax return for 2021/22, you must do this online by 31 January 2023…
The Annual Investment Allowance will now remain at £1 million permanently rather than reverting to £200,000 from 1 April 2023.…
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