So today is the last day of the tax year and you’ve probably been bombarded with reminders to put money in your ISA, your pension and buy some new equipment so hopefully you’ve managed to do a little tax planning. But what can we look forward to from tomorrow? Yes I know I hear a [...]

Have you ever wondered why accountants keep banging on about overdrawn director’s loan accounts and not putting personal expenditure through your company bank account?

The system for taxing dividends is more complicated than for other sources of income leaving some business owners confused. This blog explains the dividend tax credit and how this effects the tax you pay on dividends.

As a director and shareholder of a company the most tax efficient method of withdrawing funds from the business is to take dividends. However, it is worth remembering to take a salary of something called the “earnings threshold”. The earnings threshold is currently £476 a month and is a limit set annually by the Revenue [...]

Dividends are the post- tax profits of a limited company distributed to its shareholders. Dividends are very different from salary and you do need to think about this when you are setting up a limited company for the first time. Outlined below are the main problems we come across with clients who are paying themselves using [...]