Tax Planning (Year-End 5/4/2022)
April 1, 2022
As the tax year end approaches in these uncertain times (5/4/2022). We are presenting you with tax planning opportunities and pitfalls advices for both individuals and businesses as well as dealing with issues around COVID-19 in modules as follows:
Tax for individuals: ...
Few things are more important to the growth and resiliency of a business than maintaining healthy cash flow. Having funds on hand provides you with financial independence. Additionally, it allows you to run day-to-day operations smoothly, whether it’s a booming or slow sal...
COVID-19 Related Issues
April 1, 2021
Support for COVID-19
Introduction:The UK, Scottish and Welsh Governments and the Northern Ireland Executive have announced a wide range of measures to support businesses that are experiencing difficulties due to COVID-19. The support that is available depends on the particular circumstances; for...
IR35 (Off-payroll rules from 6th April 2021)
March 31, 2021
What is IR35?
If you’re not directly employed by your client in a traditional sense, but you use an intermediary (such as a Limited Company) to provide your services, the intermediaries’ legislation – known as ‘IR35’ – may apply to you.
Broadly, an engagement will fa...
Tax dates and return deadlines for the tax year 2019/20
April 5, 2020
Introduction
Knowing the important deadlines in the last tax year started on 6 April 2019 and ended on 5 April 2020 will help you to prepare and send off the main forms in good time. You may have a range of obligations for corporation tax, PAYE, self-assessment, VAT, National Insurance c...
Directors' Loan Accounts
February 9, 2019
Tax planning
The opportunity to borrow funds from a personal or family company can provide an attractive source of cheap finance. In a family or personal company, transactions between the company and the individual directors are commonplace. A director's loan account is a simple mechanis...
Close Companies
February 8, 2019
What is a close company?
A company is close if it is UK resident and either condition A or B is met:
Condition A:
It is under the “control” of:
Five or fewer participators, orParticipators who are directors.
Condition B:
That five or fewer participators, or participators who are directors togeth...
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