Higher Rate taxpayers – some simple tax savings tips that are easily overlooked
If your pre-tax income exceeded £50,000 in the last tax year (2020/21) it is possible that you may have been […]
Tax
Dividends from your company – are they legal?
Only limited companies pay dividends, and these are based on the shares that have been issued to the shareholders. Sole
Check those tax codes
Whilst HMRC do now review the tax position for any tax year, this does take some time to complete the
Life Insurance for Company Directors
When it comes to life assurance, a major benefit of being a company owner is the ability to obtain that
VAT Scale Charges
The Fuel Scale Charge simplifies the process of accounting for VAT on private usage of fuel. It basically provides for
Should you be VAT registered?
HMRC have very sophisticated systems in place and one of these will be identifying businesses that have an annual turnover
How much do you know about your customers?
Do you know which customers generate the most revenue for your business? How reliant is your business on those customers?
Bookkeeping – a pleasure or a chore?
Do you really like writing up your books and records – possibly not so much writing now as typing into a computer
Directors Loan accounts
If you run your business as a limited company, you may have injected funds at some stage, so the company
VAT return periods and accounting year end dates
The quarterly VAT periods for VAT returns do not always tie in with accounting year end dates. For instance, a