Latest news releases and FAQs

News and useful information on tax and business issues.

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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Salary and dividends for small business owners

We are often asked about the most tax efficient way of extracting funds from Limited Companies for small businesses. There are obviously many variables but a common way of doing it for for owner managers to take a small salary and the rest in dividends. The main advantage of taking a small salary is to

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Directors Loans

We are often asked to advise on remuneration for a Director of a Limited Company. This is a complex area which can be different for everyone, but one area where clients need to be careful is how they take money out of the Company. In practice the actual cash that they receive will be a

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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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Pension Contributions in Practice

Following on from the blog article on the new more flexible tax rules on Private Pension Contribuitions here is how it will work in practice for a typical client. Remember we cannot give financial advice but can only advise on the tax advantages of pensions. The rules are extremely complex and Independent Finacial Advice should

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