Do you have to take a dividend? Reasons why not to
Many directors believe they have an absolute right to money deposited in a company's bank accounts. However, payment cannot just…
Clear, practical guidance on UK tax for individuals, landlords and businesses, covering everyday obligations, planning opportunities and important deadlines.
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Many directors believe they have an absolute right to money deposited in a company's bank accounts. However, payment cannot just…
With interest rates falling, business growth should follow. While this is waiting to happen, companies continue to close. The latest…
The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. An earlier deadline of 30…
Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to which this is possible…
HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains…
Landlords letting residential property are not entitled to a deduction for the cost of the domestic items that they provide…
Furnished holiday lettings (FHLs) enjoy tax advantages not available to landlords letting residential property on long-term lets. The advantages are…
A taxable benefit arises where an employee has the private use of a company car. Unless the car is an…
If you are registered for VAT, you will need to keep normal business records. The records must be complete, up…
The VAT registration threshold rose from £85,000 to £90,000 from 1 April 2024. The deregistration threshold increased from £83,000 to…
Many people earn small amounts of money from self-employment, often as a side hustle. For example, this may be from…
If you run your business as a personal or family company, you will need to extract your profits in order…
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