Blog Archives

The Future Of Tax-Free Childcare

In this year’s Budget tax-free childcare was announced as the successor to employer-supported childcare. It sounded like a good deal, but employers and some employees might do well to stick to the current scheme, why?

Posted in Tax Tips

The future of tax-free childcare

In this year’s Budget tax-free childcare was announced as the successor to employer-supported childcare. It sounded like a good deal, but employers and some employees might do well to stick to the current scheme, why? Childcare tax schemes recap Tax

Posted in Tax Tips

How To Collect VAT Before You’re Registered

If you’ve applied to register a new or existing business for VAT, but you’re waiting for your registration number, when should you charge VAT for your customers and what’s the procedure for collecting it?

Posted in Limited Company Advice, Small Business Advice, Tax Tips

Tax Efficient Company Financing

If you want to raise cash for your company, the Enterprise Investment Scheme offers tax incentives to draw in outside investors. But these tax breaks can be lost if you don’t use the money within a certain time. What do

Posted in Small Business Advice, Tax Tips

When Must You Charge VAT On Shared Business Costs?

If you purchase goods or services that are used by more than one of your business ventures, which of these is entitled to reclaim the VAT? And can one business pass the costs to another without triggering a VAT charge?

Posted in Tax Tips

Prepare Now To Avoid RTI Penalties

Late filing penalties for RTI are not on the agenda for now, but this year’s Finance Act 2013 will change that. When will penalties take effect and what steps can you implement to avoid them?

Posted in Tax Tips

Protecting Your Income The Tax-Free Way

Protecting your income with insurance can be expensive. You could get your company to pay, but this triggers a tax bill either on the cost of the premium or instead when the policy pays out. Can you legitimately avoid both

Posted in Tax Tips

Child Benefit – Think Before You Disclaim

The Child Benefit tax has received a lot of press. But there’s one aspect that’s received little attention, namely the interplay with NI credits and the effect disclaiming Child Benefit can have on your state pension entitlement. What’s the full

Posted in Tax Tips

Putting Family On The Payroll?

CORPORATION TAX One of our client wanted to put his teenage son on the company payroll to help him with his finances, but was worried what HMRC would say about this. Can his company claim a tax deduction for his

Posted in Limited Company Advice, Tax Tips

Setting Your Salary For The New Tax Year

In December the Chancellor confirmed changes to the personal tax and NI limits for 2013/14. In view of this at what level should you set your salary (and dividends) for maximum tax efficiency?

Posted in Limited Company Advice, Tax Tips