Company Owner: Salary or Dividends?
Discover the tax-efficient way to extract income from your small business. Learn about the pros and cons of salaries vs. dividends in this comprehensive guide.
Tax
The Benefits of Outsourcing Payroll Management for UK Businesses
Explore the advantages and potential drawbacks of outsourcing payroll for UK businesses to make an informed decision.
Tax Planning Strategies for Freelancers in the UK
Explore essential tax planning strategies for UK freelancers. From basic tips to advanced advice, optimise your earnings and reduce your tax bill.
Understanding Basis Periods and Their Impact on Income Tax – HMRC Changes from 2023/24
Basis periods are fundamental in UK tax law, particularly for unincorporated businesses such as sole traders and partnerships. They determine the timeframe for which profits… Read More »Understanding Basis Periods and Their Impact on Income Tax – HMRC Changes from 2023/24
UK House Price Crash? What will happen to house prices and mortgage payments in 2023 and beyond?
In a fresh analysis of the UK housing market, we explores the disparity between Nationwide and ONS house price indices. Nationwide reports a drop in average house prices, while ONS suggests an increase, leading to debates on the trajectory of UK housing prices amid rising interest rates.
Significant research and development tax credit changes from 1 April 2023: What are the tax relief changes?
The landscape of R&D claim submission is set to undergo a significant transformation from August 2023, following a series of reforms to the R&D tax relief scheme in April 2023. This guide provides a comprehensive overview of these changes, focusing on the introduction of the compulsory Additional Information Form.
Full Expensing: The New Corporation Tax Incentive Explained
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation,… Read More »Full Expensing: The New Corporation Tax Incentive Explained
Personal Tax Planning 2023/24 – Expert Advice and Tax Planning Tips
Are you looking for ways to save on your taxes? Our expert guide covers everything you need about personal tax planning in 2023/24. Learn about tax incentives, reliefs, and allowances for individuals and businesses, and get practical tips for using them wisely.
Full Expensing: A Game-Changer for UK Capital Investment, the end of the Super-deduction, and other Corporation Tax changes
In recent years, full expensing has emerged as a powerful incentive for businesses to maximise their investments and minimise their corporation tax liabilities. As the… Read More »Full Expensing: A Game-Changer for UK Capital Investment, the end of the Super-deduction, and other Corporation Tax changes
Corporation tax in 2023
After multiple policy U-turns and much uncertainty, the main rate of corporation tax will rise from 19% to 25% from 1 April 2023. This will… Read More »Corporation tax in 2023