You have a large self-assessment tax bill to pay at the end of January. The trouble is that after the excesses of the festive season you’re a bit strapped for cash. What are the tax consequences of
using company funds to pay HMRC?
Published 09.01.2017
Dividends might be the most tax-efficient way to take income from your company but they can only be paid out of profits. This means for a recently started business they probably aren’t an option.
What’s the next best thing?
Published 01.05.2012
The tax break for company-paid childcare was scaled back a while ago, but it’s still possible to get a tax and NI exemption on up to £55 per week. How can you achieve this and possibly do better?
Published 11.12.2012
Benefits in kind are usually more NI efficient than salary. However, the opposite can be true for director shareholders who receive a low salary, perhaps topped up with dividends. What savings are
possible and how can you take advantage?
Published 13.10.2017
Wouldn’t it be nice to have your own place in the sun and escape there every so often when the going gets tough. And wouldn’t it be even better if there were tax relief on the running costs; the idea
is not as far fetched as you might think.
Published 06.07.2010
Where you borrow money interest-free from your company, you can land yourself with a tax bill. But a friend, who’s also a director, tells you that he avoids this by paying interest to his company.
Will this also work for you?
Published 31.10.2011
A colleague collects tropical fish and has let slip that the Taxman is actually footing the bill for his hobby. How is this possible? Is there a loophole you could use to cover your own interests?
Published 13.04.2007
It’s been a tough year for your employees and more so for the directors. But things have eased a bit and you want to say thanks with a little something for Christmas. But will this come with a tax
bill?
Published 26.11.2009
There’s no escaping tax on the benefits-in-kind (BiK) you receive from your company, but a loophole in the rules means that you can delay payment for a long time. How can you take advantage of this?
Published 28.04.2011
Salary sacrifice schemes can reduce your tax and save your company NI costs. But depending on the amount and type of income you receive the savings can vary widely. How can you get the best result?
Published 17.10.2012