Loans to participators
Loans to participators Where a close company (or LLP) makes a loan (otherwise than in the ordinary course of a…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Loans to participators Where a close company (or LLP) makes a loan (otherwise than in the ordinary course of a…
Tax consequences of 'illegal' dividends Dividends can only be declared out of a company’s available undistributed profits, and if the…
What happens if your business is ‘chosen’ for an HMRC enquiry? HMRC has the power to enquire into any return…
Obtain relief for pre-letting expenses When starting a new property rental period there will usually be a preparatory phase during…
Dividend waivers Dividends are paid at the same rate for each category of share according to the number of shares…
Expenses and benefit returns for 2020/21 Expenses and benefits returns P11D and P11D(b) for 2020/21 need to be filed by…
Furnished holiday lettings Furnished holiday lettings offer a number of tax advantages over longer lets. One of the key benefits…
Amend your PSA for Covid-19 related benefits A PAYE Settlement Agreement (PSA) enables an employer to meet the tax on…
No retained profits – Can you extract cash to cover your living expenses? If you operate through a limited company,…
No retained profits – Can you extract cash to cover your living expenses? If you operate through a limited company,…
Where assets that have become worthless, it may be possible to make a negligible value claim, allowing a loss to…
Special rules apply to company directors when it comes to calculating their Class 1 National Insurance liabilities. Why the rules…
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