TRAINING - 01.10.2024
How to protect your investment in external training
The government is proposing to require dental graduates to work in the NHS for several years after graduating or otherwise repay their training fees. If you’re intending to pay an employee’s training fees, could you have a similar provision?
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PAYE - 01.10.2024
Why your tax code is now more important than ever
The amount of tax you pay on your salary depends on your tax code. If it’s wrong you’ll pay too much or too little. For many this can be a temporary issue, for others it can be permanent. What’s the problem and what can you do about it?
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PROFIT EXTRACTION - 01.10.2024
Tax and NI planning for multiple directorships
You’re a shareholder and director of three companies. You currently take a low salary from each company topped up with dividends. But is this really the most tax-efficient option?
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CORPORATION TAX - 30.09.2024
Is it all over for R&D relief for subcontractors?
You’ve heard that recent changes to the R&D tax regime are bad news for small company subcontractors. If you’re involved in an R&D project, what steps can you take to ensure you can claim the tax breaks?
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VAT - 30.09.2024
VAT on furnished holiday lets after 5 April 2025
Our subscriber is a sole trader and owns a property jointly with her husband which they let as holiday accommodation. The rental income is allocated 90% on him, but from April 2025 new rules will attribute 50% each. As a result, our subscriber expects her turnover to exceed the VAT registration limit. Can she avoid registering?
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SELF-ASSESSMENT - 30.09.2024
Computer says no - ITSA refund security checks
You’re due an income tax refund of £1,200 from your 2022/23 tax return which you filed in December 2023. Unbelievably, the refund is still held up by HMRC’s security checks. How can you speed up the repayment?
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