Newsletters
-
Planning your year-end dividend
The end of the tax year is approaching and you want to make full use of the 8.75% tax rate that applies to dividends. How can you work out how much dividend you can take and ensure its payment before the tax year ends?
-
Fund your business with tax-efficient personal borrowing
Your business needs a vehicle and some equipment. It will have to borrow to make these purchases. You personally have the cash which you could lend to the business, but might there be a more tax-efficient option?
-
Getting directors’ NI contributions right for 2023/24
The end of the tax year is just a few weeks away. As an employer you’ll need to carry out the usual payroll year-end routines. However, if your business operates through a company there’s an extra step that might be required. What is it?
-
Is your private pension being overtaxed?
Recent press reports suggest that anyone who takes income from their private pension has a better than 50/50 chance of HMRC taking too much tax from it. If you’re planning to draw any of your pension savings, how can you avoid this trap?
-
Is your grant income subject to VAT?
Your charity has received a grant to help fund specific projects and you are concerned that the strict conditions imposed make it subject to VAT. Are your concerns justified and what checks can you make to ensure there are no problems?
-
Can you reverse payroll tax on perks?
Tax and NI on perks can be avoided by “making good”. This involves the director or employee who received the benefit reimbursing their employer for it. But are you allowed to make good a perk if PAYE tax has already been paid on it?