Tax E-News May 2024
HMRC PUBLISH UPDATED GUIDANCE ON WORK TRAVEL
Travelling from home to an employee’s normal workplace does not qualify for #tax #relief.
Avoiding Business Pitfalls: 7 things you should NOT do as a business owner
Avoiding Business Pitfalls: 7 things you should NOT do as a business owner
Recent surveys of UK business owners show us to be under pressure. This is no surprise. As a business owner, you’re constantly juggling multiple responsibilities and facing a myriad of challenges.
Tax E-News – Budget 2024
On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR) forecasts, the Chancellor had his work cut out.
Tax E-News November 2023
SALARY OR DIVIDEND BEST IN 2023/24?
In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from their family company was to pay themselves a low salary, at or around the £12,570 personal allowance, with the balance in dividends.
Tax E-News – June 2023
SHOULD DIRECTOR/SHAREHOLDERS #TAX ADVANTAGE OF THIS LOWER RATE?
The HMRC rate of interest on beneficial loans looks very attractive compared to the Bank of England Base rate of 4.5% and much higher rates charged by banks for unsecured loans.