If you have build up the value of the company over the years, the shares you own in it are now worth a significant amount. Is there any possibility to use this capital to obtain some extra tax relief?
If you have already used the 2012/13 annual exemption for capital gains tax but thinking of selling some more assets of yours, what are the options available to you? If you need to sell an asset to boost your cash flow, you may not like to share the proceeds with HMRC. Here’s a simple but […]
A tribunal recently considered a case relating to tax consequences of a director investing company money in his personal bank account. The judgement was nt in favour of the company director. But does this mean that it is something illegal?
A recent court decision ruled that HMRC was wrong to charge national insurance on round sum car allowances. But HMRC is unlikely to offer a refund where you’ve overpaid, what steps do you need to take to get your money back?
If you take into consideration the amount of tax you have paid over the years in various forms, you may look back and find areas where you could have saved money. According to a tax expert, there are 04 things that you should do in order to reduce your tax burden..
If your company has made a profit, it is highly likely that every director will receive a share from it as bonus. In order to get an early tax deduction, these bonuses must be paid within a specified time, but on the otherhand there will be a large PAYE bill.
In family run businesses, if the main shareholder is retiring but wants to keep his/ her stake to ensure he/she still maintains control, how can this situation be handles without being investigated by HMRC for inheritance tax?