Newsletters
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Beware the tax and NI cost of temporary workers
Summer is here and for many businesses that means taking on temporary workers. Some may stay for the whole season (and beyond) while others just a week or two. What tax tips and traps should you be alert to?
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Sharing your company with your unmarried partner
The advantages of sharing income from your company with your spouse or civil partner are well known. But, if you’re not legally joined, is there a tax-efficient way to share your income?
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When should you leave the FRS?
You’re currently using the flat rate scheme (FRS) and are trading below the exit threshold. But what changes to your trading structure could make it worthwhile to leave voluntarily and is there an optimum way to do this?
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What are the consequences of unlawful dividends?
Your company’s accounts for its last financial year have been prepared in draft. They show that you and your fellow director shareholders received more dividends than permitted by company law. This has tax consequences. What’s the most tax-efficient way to manage them?
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Can a business that hasn't started to trade qualify for a key tax relief?
The First-tier Tribunal recently considered whether entrepreneurs’ relief (ER) (since renamed business asset disposal relief (BADR)) could apply to a disposal of assets by a partnership that hadn’t commenced trading. What was the decision?
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Relief for mortgages and other financing costs
The way tax relief is given for mortgage interest, and other financing costs, has changed in recent years. How is it calculated and why is it so important to keep track of it?