Tax
Tax-efficient income from your company
There are broadly three ways to extract income from your company but none of them is singularly the most tax efficient. What factors should you
April 7, 2023
There are broadly three ways to extract income from your company but none of them is singularly the most tax efficient. What factors should you
Pros and cons of employing family. Sharing your business income with your family is good for them and can be tax efficient for you. However,
Giving a share of your business to your spouse can reduce the tax bill on its profits. Alternatively, you could sell part of the business
Writing off an overdrawn director’s loan account can be tax efficient. The trouble is it can come with a large NI bill. Is there a
If you have to travel on business HMRC accepts the cost as a tax deductible expense. However, it argued the opposite in a high profile
You switched from working in the office to working at home a while ago. You’ve heard that this can result in a tax bill if
The rules regarding pre-registration VAT have always been a source of confusion. HMRC’s tinkering of its own internal guidance has made matters worse. What
Special tax rules block relief for business entertainment costs. However, the rules can be applied in different ways. What are the dos and don’ts?
You’re devoting a lot of time to getting your brand new company up and running. If it pays you for your efforts will HMRC allow
Rules effective from April 2017 and April 2021 shifted the responsibility for deciding if IR35 applies to a contract from the worker to the client,
112 Loughborough House
2 Honour Gardens, London
RM8 2GJ
Authorised and Regulated by the ACCA
Authorised Corporate Service Provider (ACSP)
