The main corporation tax (CT) rate increases to 25% in April 2023. But how might your company use the higher rates to its advantage by paying extra pension contributions for its directors?
Published 02.02.2023
While getting your business off the ground you neglected your pension savings. You want to make up for it now but your advisor tells you that the annual contribution limits will prevent this. Is
there a way around them?
Published 17.04.2019
You’ve not drawn salary from your company for the last three months because its income was significantly reduced. It’s now improving and you’re restarting your salary next month. Is it worth paying
yourself the arrears?
Published 07.07.2020
You’ve probably read in the press that the new pension contribution rules will restrict the amount of tax relief you can claim to a fraction of what it was before. So should you be piling cash in now
to beat this change?
Published 04.03.2011
HMRC recently stated that many people are failing to declare their liability to pay the pensions annual allowance charge. When does the charge apply and what should you do if you’ve missed it off
your tax return?
Published 04.02.2020
Your financial advisor has suggested transferring the company offices into your pension fund to bump up its value and save tax. It sounds like a great idea but a colleague has told you it could
trigger a big tax bill for the company. Is he right?
Published 11.01.2010
The new legislation that restricts tax relief on pension premiums includes tough rules to stop those with incomes of over £150,000 from manipulating their income to escape the trap. But there are
ways to get around this. What are they?
Published 04.11.2009
In April this year the rules for tax deductions on pension contributions underwent a major overhaul. But what effect, if any, did this have on company contributions, and is there still a tax
advantage to these?
Published 28.06.2011
Your accountant has asked you about bad debts for the latest accounts. There are a number of small overdue amounts on your books which you’ve previously ignored. Can you claim tax relief for these,
and if so, how much?
Published 15.02.2018
As everybody comes to terms with the newly introduced higher tax rates, more ways of avoiding them are coming out of the woodwork. This time our attention is focused on how to use the variation in
rates to produce a tax saving.
Published 05.05.2010