Tax Consultants in Wimbledon

When Can New Company Pay Dividends?

Posted by on January 23, 2013 at 10:13 am

Dividends are the most tax efficient way to get income out of your limited company. But dividends can only be paid where the company is making a profit. So what will be the response if HMRC if you pay dividends from a loss-making company?

Fixed Income Protection Guidance

Posted by on November 14, 2012 at 10:58 am

There had been many changes to the HMRC’s guidance for those with fixed income protection. According to the rules that were in existence before, individuals with a protected lifetime allowance of £1.8m who were enrolled into a scheme a gainst their wishes, when commencing work with a new employer, faced losing their increased allowance under HMRC’s […]

Reducing Company’s Tax Bill Using Personal Losses

Posted by on November 7, 2012 at 10:44 am

If you made a loss personally in an effort to make more cash and if you find it impossible to even file a claim for a tax deduction, what are the alternatives that are left for you? There’s a chance that your company claim the tax relief instead? If a business makes a loss, HMRC will […]