Unlawful Dividends: What Happens When You Don’t Pay Them Back
When a company declares a dividend, it must ensure that it has enough retained profits to support that payment. Even…
Advice on Corporation Tax responsibilities, reliefs, deadlines and tax-efficient planning for limited companies.
When a company declares a dividend, it must ensure that it has enough retained profits to support that payment. Even…
Why Consider Lending Through Your Company? There are various scenarios where you may wish to financially support a family member—such…
Taxing Company Cars: The Basics If you have access to a company car for personal use, you're required to pay…
Exploring Lending Between Companies In a challenging economic climate, many smaller businesses still thrive and accumulate healthy cash reserves. However,…
Starting a new business often requires financial support in the form of loans. These loans are typically used to purchase…
While having more money in your bank account than is needed may seem ideal, for director shareholders of a company…
In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director…
Anyone who invests in a company is taking a chance, hoping that the directors, as representatives, will use the money…
Many directors believe they have an absolute right to money deposited in a company's bank accounts. However, payment cannot just…
The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. An earlier deadline of 30…
A taxable benefit arises where an employee has the private use of a company car. Unless the car is an…
If you run your business as a personal or family company, you will need to extract your profits in order…
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