Tag Archive

Rearrange your Borrowing to Qualify for Tax Relief

Published on March 27, 2013 By admin

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?

Delaying Capital Gains Tax

Published on March 8, 2013 By admin

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 […]

The Best Approach to Invest Your Company Money?

Published on February 25, 2013 By admin

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?

HMRC Loses Battle over NI on Car Allowances

Published on January 16, 2013 By admin

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?

Five Tips to Cut Your Tax Bill

Published on January 4, 2013 By admin

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..

How to Manage Directors Bonuses Tax Efficiently

Published on July 6, 2012 By admin

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.

Shifting Value in a Family Run Business

Published on June 15, 2012 By admin

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?