Business Insights.
Expert Guidance.
Latest news, insights, and expert advice for UK businesses.
Thinking of Winding up Your Company?
Up until 6 April last year, the distribution of cash to shareholders on the winding up of a trading company...
Tax Efficiently Extract Profits
The current £3,000 employment allowance continues to be set against the employer’s national insurance contribution (NIC) liability. If the company...
Time to Start Saving for Your Tax Due on Dividends
What are dividends? Dividends are payments made to company shareholders. If you are a shareholder you would pay tax: if...
Tax Simplification for Short Terms Business Visitors
HMRC are consulting on ways to simplify the tax treatment of short-term business visitors from the foreign branch of a...
Does Your Car Qualify for the Higher Tax Relief Rate?
The latest Finance Act has reduced the tax-writing down allowance for motor cars that emit more than 110 grams of...
Tax Benefits of Electric Cars
The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21....
Is it a Car or a Van? Here is the Tax Definition of a Van
HMRC are being urged to provide clarity on the tax treatment of commercial vehicles such as VW Kombi Vans marketed...
4 Things to Consider When Transferring Property Ownership
Over the last few years, we have seen house prices soar. Depending on which side you’re on, this was either...
Feel Good and Save Tax with Gift Aid
Gift aid is an income tax relief scheme, whereby tax-paying individuals can offset charitable donations against their taxable income. The...
Utilise the Inheritance Tax (IHT) Annual Gift Allowance
You have an annual £3,500 ‘gift allowance’ that is free of Inheritance Tax (IHT). Meaning cash gifts of up to...