Newsletters
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2024 Autumn Budget: the highlights
Today we had the first Labour budget since 2010. What are the key takeaways?
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Tax relief for loss-making companies
You’ve decided to wind up an unsuccessful business venture. After a good start the business has made losses in the last few financial years. What tax relief, if any, can be claimed to mitigate the losses?
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Timing dividends to delay or reduce tax
The Budget is just a couple of days away with changes to the tax rules and rates on the cards. As a company owner manager who takes income mainly as dividends, you may be concerned about a hike in rates on investment income. How can you control when they are taxed to maximise tax efficiency?
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Building materials - reverse charge or not?
One of your subcontractors has sent their first invoice. He’s charged VAT on materials but not on the services because these are covered by the domestic reverse charge (DRC). Is the VAT charge on materials correct and if not what steps should you take?
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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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Boost your family’s pension fund tax efficiently
Your spouse hasn’t paid into her pension fund since giving up work to have children. You’ve been told that you can pay contributions on her behalf. As a company owner manager, is it more tax efficient for you or your company to make the payment?