Advice

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Overdrawn director’s loan accounts 11 Mar 2019 Bookkeeping, Tax - When running a business the directors, might need borrow money from the company or vice versa. These transactions should be tracked via the director’s loan account.
The CGT annual exemption – use it or lose it! 11 Mar 2019 Deadlines, Tax - The most common method to minimise Capital Gains Tax liability is to ensure that the annual exemption is fully utilised.
Tax-Free Health & Fitness Benefits For Your Employees 6 Mar 2019 Employment, Tax - Employers are allowed tax breaks and exemptions to offer health and fitness at work, in order to prevent work-related illness and injuries.
What can be done with business losses? 6 Mar 2019 Bookkeeping, Tax - There are different kinds of relief that can help your early stage business reduce your losses.
Business For Sale: How To Plan Your Exit 2 Mar 2019 Exit, Strategy - Most Founders exit their businesses with either an IPO or a sale. The latter is far more common, but not at all easier! This is how to sell your company...
Director’s loan accounts: recording personal expenses 25 Feb 2019 Bookkeeping, Tax - Expenses and cash payments incurred on behalf of a director can look ambiguous to HMRC, so it's very important to keep accurate records of all your transactions.
Should you pay yourself a Salary or take Dividends? 25 Feb 2019 Strategy, Tax - Once the optimal salary has been paid, dividends should be paid to use up the dividend allowance. If further profits are to be extracted, there will be tax to pay, but the combined tax and National Insurance impact on dividends is less than for salary payments.
The importance of keeping good business records 20 Feb 2019 Bookkeeping, Tax - Regardless of whether you're running a business as a sole trader, in partnership or as a limited company, it's vital to keep complete and accurate records of your business transactions. This way you'll be sure to pay the correct amount of tax to HMRC and avoid unwanted fines.
Brexit Checklist: Are you prepared for No-Deal? 12 Feb 2019 Brexit - As unlikely as it might be, it is massively important for UK companies trading with the European Union to have a contingency plan in place in the event of a No-Deal, as the consequences to being unprepared to such outcome would be awful, and recovering would be really hard.
The perfect pay package for your employees 18 Jan 2019 Employment - When you start a company, hiring good workers is simply necessary, while money is often a luxury. So how do you pay for the best talent on the market?
EIS Certificates have gone digital! 17 Jan 2019 Fundraising, Investment - Once you have filled your EIS form, you can sign it digitally and email to your investors. They will have to print it out and keep it for their records in case HMRC asks for it.
Tax efficient remuneration using pension contributions 20 Dec 2018 Employment, Tax - Pension contributions can be a tax efficient way of increasing pay packages of your employees. With generous reliefs from the government they are a win-win.