Loans to directors – beware of the higher section 455 charge
Directors and shareholders in close companies are often able to influence the payments that are made to them. Broadly, a…
Advice on Corporation Tax responsibilities, reliefs, deadlines and tax-efficient planning for limited companies.
Directors and shareholders in close companies are often able to influence the payments that are made to them. Broadly, a…
HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured…
The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend…
Corporation tax is being reformed and companies with profits of more than £50,000 will pay corporation tax at a higher…
In a personal or family company the director will often borrow money from the company. This can be an easy…
Transactions between a director and his or her personal or family company are common and a director’s loan account is…
If your company is no longer trading and does not have any other income, you can tell HMRC that it…
Tax policy is used to influence behaviour as well as to collect revenue. One example where this is the case…
When a company closes down, it may have accumulated monies or assets that need to be distributed to shareholders. If…
Take dividends while you can For personal and family companies, a tax efficient strategy for extracting profits is to take…
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…
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