by Ruth Clark | Sep 14, 2022 | HMRC, Tax
Self-assessment is an annual event, and it is always towards the back end of the year that you need to start thinking about it. Many people will already be registered for self-assessment, but there are others who will need to register for the first time this year,...
by Ruth Clark | Sep 1, 2022 | HMRC, Tax
We consider the most tax-effective methods for a director to withdraw profits from an owner-managed company. There are various methods by which directors can withdraw profits, but as a director is usually also a shareholder the two main methods are via a salary...
by Ruth Clark | Aug 10, 2022 | Business, HMRC, Tax
Welcome to the latest edition of Newswire – we hope you find it interesting and informative. All content is correct at the time of writing, but we suggest you speak with us for professional advice before acting upon anything that you read here. Inflation is a word on...
by Ruth Clark | Jul 7, 2022 | Business, Tax
Tax is something that is a certainty in life, as former US President Benjamin Franklin said, but there are lots of ways you can reduce the amount of tax you have to pay by claiming for expenses you may not realise you could. Those of us who are self-employed or own...
by Ruth Clark | May 16, 2022 | Tax
If you are always racing to use up your tax allowances, such as Individual Savings Accounts (ISAs), you are not alone at the last minute before the end of April 5. But you could be making a big mistake. When it comes to mopping up tax allowances, it is best to use...
by Ruth Clark | May 16, 2022 | Business, HMRC, Tax
Entrepreneurs’ Relief (ER) was renamed Business Asset Disposal Relief (BADR) by Finance Act 2020. Many business owners are familiar with business asset disposal relief (BADR), which offers individuals a capital gains tax rate of 10% on net chargeable gains, up...
