Posts Tagged: tax planning tax consultant

Inside vs Outside IR35: Adrian Chiles’ Match of the Decade!

Inside vs outside IR35? Courts finally reached a verdict for Adrian Chiles (Match of the Day, The One Show) after seven years. What can his case teach us? (3 minute read) Today’s tax tip explains: What Adrian Chiles’ case was about How the court decided the outcome Understanding if you’re inside vs outside IR35 The… Read more »

Spring Statement 2022: What’s in it for You?

The Spring Statement 2022 featured some unexpected twists that will shape the future for businesses. Here are the key points. (4 minute read) Today’s tax tip will explain: The main points outlined in the Spring Statement 2022 What the changes mean for you What to expect in the future The Spring Statement is typically a… Read more »

Corporation Tax Increase: Slash the Cost with Past Losses?

2023 will see a massive Corporation Tax increase, but smart planning can spare you some of the losses. (2 minute read) Today’s top tip will explain: The upcoming Corporation Tax hike An alternative use for losses to boost your tax position The Corporation Tax Increase Corporation Tax is currently set at 19%. This is a… Read more »

Staff Suggestion Scheme: What a Bright Idea!

The staff suggestion scheme offers a handy, tax-efficient way to boost your business and supercharge morale! Here’s what you need to know. (3 minute read) Today’s tax tip covers: What the Staff Suggestion Scheme is The tax benefits it provides The rules and restrictions you must follow Employee suggestion boxes are a great way of… Read more »

The End of the Tax Year: Plan While You Can!

As we approach the end of the tax year, make the most of your allowances while you can! Because they won’t all roll over. (6 minute read) Today’s tax tip is all about: Snapping up your allowances before the end of the tax year Wrapping your year up well Income at the End of the… Read more »

R&D Claims: HMRC Tightens Restrictions

HMRC wrongfully awarded £311 MILLION in R&D claims. Now, they’re securing their coffers. (4 minute read) Today’s tax tip is all about: Why there’s so much non-compliance in R&D claims HMRC’s tightening of R&D claim restrictions How you can protect yourself and remain compliant In 2019, UK companies claimed tax relief of £47.5 billion for… Read more »

Dividends vs Salary: Which is Most Tax Efficient?

Choosing whether to pay yourself through dividends vs salary is a big decision. Let’s weigh up the options so you can pick what’s right for you. (4 minute read) Today we’re discussing: The difference between dividends vs salary How they’re taxed How to decide which is right for you Dividends vs Salary: What’s the Difference?… Read more »

Is Mobile Phone Allowance Taxable? The Secret to Tax Free Tech

Business owners often wonder: ‘is mobile phone allowance taxable?’ The answer: it depends. Here’s how to get tax free tech for your employees! (2 minute read) Is Mobile Phone Allowance Taxable? Most employers want to provide their teams with the tools they need to get the job done well. For some, this means mobile phones…. Read more »

Buy and Sell Agreement: Business Security or Tax Nightmare?

How a common buy and sell agreement could undermine your Inheritance Tax Strategy. (3 minute read) This week’s top tip is all about: Using Business Property Relief (BPR) for Inheritance Tax (IHT) planning What a buy and sell agreement is How these agreements undermine IHT plans Business Property Relief and Inheritance Tax Planning BPR is… Read more »

Everything You Need to Know About Last Minute Tax Returns

Everything you need to know about last minute tax returns, from what not to forget and how to shield yourself from enquiries. (6 minute read) HMRC maintain that the legal deadline for submissions is 31st January, although they will waive penalties as long as you submit by 28th February. There are still plenty of reasons… Read more »