Coronavirus has played havoc with dividends as a profit extraction method for owner managers of some companies and may have put them at a tax disadvantage for some time to come. How might a similar situation be avoided in future?
The “super-deduction” is a new tax incentive for businesses to purchase equipment. The qualifying conditions have now been relaxed to allow the tax break for some previously excluded items. What’s the full story?
A few of your employees have expressed an interest in the cycle-to-work tax break and with summer not far away you’re also tempted. However, there seems to be a mountain of literature to plough through. Is there a simple option?
A few of your employees have expressed an interest in the cycle-to-work tax break and with summer not far away you’re also tempted. However, there seems to be a mountain of literature to plough through. Is there a simple option?
As a money-making plan a friend has suggested lending some of your personal savings to your company. The idea is that it can pay you more interest than the bank does. It sounds interesting but are there troublesome tax consequences?
The government plans to demand quarterly or monthly tax payments from companies and individuals who pay tax through self-assessment. It won’t happen for at least two years. Have your say by responding to the consultation.
Special rules apply to directors’ NI contributions. Normally they go unnoticed, but in a year that has been many directors cut their salary this might result in too much NI being paid.
Oscar Fairchild responds to Chancellor Rishi Sunak’s 2021 Spring Budget