Blog

Where is my profit, it is not in the bank


This is a question we are regularly asked by clients. Usually, the conversation is triggered when we discuss the end of year accounts. Before we expla... Read More >>
Rent a room at home tax free


On the face of it, the rent-a-room relief is straight forward: if your gross rents from letting are not more than £7,500 in the current tax year, the... Read More >>
Involving children in your business


Whilst it is possible to involve your children in your business, this is a strategy that should be approached with caution. Giving shares in your comp... Read More >>
Organising a trading name for your company


We are often asked to register a trading name for an existing company. Usually, this is done so an incorporated business can develop a new brand with ... Read More >>
Saving to pay tax


If you are employed, or receive a pension from a non-State provider, any tax you should pay is probably deducted before payment under the PAYE rules. ... Read More >>
Dying without a Will, bad idea


Many people die without making a Will. In legal terms, this means they die “intestate”. When this happens, the estate must be shared out a... Read More >>
Minimum Wage legislation


No-one is going to complain if you pay more than the National Minimum Wage or National Living Wage rates – which ever applies. However, there ar... Read More >>
Tax Diary August/September 2017


1 August 2017 – Due date for Corporation Tax due for the year ended 31 October 2016. 19 August 2017 – PAYE and NIC deductions due for mont... Read More >>
Making Tax Digital E common sense prevails


Making Tax Digital (MTD) is the government’s latest attempt to fully digitise the process of collecting data from taxpayers so they can speed up... Read More >>
Director minimum salary levels 2017-18


Many director shareholders take a minimum salary and any balance of remuneration as dividends. This tends to reduce National Insurance Contributions, ... Read More >>

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