News

New Dividend Tax

The new dividend tax was announced out of the blue in the budget. The key facts of the proposed changes are as follows:          From April 2016, the notional 10% tax credit on dividends will be abolished.          A £5,000 tax free dividend allowance will be introduced.          Dividends above this level will be taxed …

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Paying Tax

A recurring theme from clients is that they don’t want to pay any tax. Unfortunately for most people this is not an option if they have a business is making money. Even Starbucks and Amazon pay some tax, though they tend to choose in which country they pay it, and are big enough to make …

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HMRC and the Law

A lot of clients do not realise that HMRC do not create the tax laws. Parliament lays down the law in thousands of pages of tax legislation, written in a version of English only known to the people who write them and Tax experts. HMRC then interpret that legislation and write guides on their websites …

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Why Pension Contributions are a no brainer for a Small Business Owner

We speak to a lot of small business owners and the suggestion of pension contributions is often derided. However recent changes to the tax treatment of private pension contributions make pension contributions an essential tool in the armoury of getting money out of a small business. In the past the perception was that pension contributions …

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