PROFIT EXTRACTION - 17.04.2024
Can dividend ever be paid from loss-making company?
Dividends are generally the most tax-efficient form of income you can take from your company but they can only be paid out of profits. Despite this, might there be a way for your loss-making company to pay you a dividend?
Read more
BENEFITS - 17.04.2024
The tax advantages of benefits in kind
Your company is doing especially well and you want to take advantage of its good fortune. The priority income you take should be tax efficient. Why might benefits in kind be your best option?
Read more
PROPERTY - 03.04.2024
Property expenses - HMRC admits error
In late 2023 HMRC wrote to landlords suggesting they may have claimed tax relief they weren’t entitled to. It now accepts it was wrong. What’s the full story?
Read more
PROFIT EXTRACTION - 18.03.2024
Avoiding or reversing inefficient profit extraction
The end of the tax year is almost here and it’s time to check your tax position. You may have room to take more tax-efficient income from your company, or you might discover you’ve overdone it. What steps can you take to rescue the situation?
Read more
PROPERTY - 18.03.2024
Budget 2024 - big changes to property-related taxes
The Spring 2024 Budget was a mixed bag for residential landlords. The Chancellor gave with one hand and took away with the other. As a property owner, what might the changes announced mean for you?
Read more
TAX PLANNING - 05.03.2024
Threshold tax and benefit traps on families
The media like to bandy about the phrase “stealth tax”. In reality what they call stealth tax isn’t at all. However, there are genuine cliff-edge income thresholds that result in unfair tax charges. What are they and how can you avoid them?
Read more
