Latest Blogs

07/02/2022

Should you pay a dividend before 6 April 2022?

If you extract profits from your company as dividends you should be aware of the dividend rate increase due to take effect from 6th April 2022. Our latest blog explains more about the increase and whether it’s prudent to pay more dividends before the tax year ends.

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03/02/2022

Giving away the family home – beware the gifts with reservation rules

You might think gifting your family home to a family member before your death helps them avoid paying inheritance tax, but there are pitfalls. We explore some of these here with a strategy that can help.  

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02/02/2022

Capital gains tax annual exempt amount – use it or lose it

The final months of the tax year are the perfect time to review your tax position and ensure you’ve made the most of your allowances. To help you do that, we explain how to use your annual capital gains tax exemption to maximum advantage.

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10/01/2022

Using your annual exempt amount for 2021/22

As the end of the tax year approaches you should check that you’ve taken advantage of your capital gains tax personal allowance because it is not possible to carry forward any unused part of it.

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06/01/2022

How to extract profits out of a company

Once you’ve set up an incorporated business and become a director, you have to be smart about how you extract profit to avoid paying more tax than you need to. 

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30/11/2021

Funding Social Care - National Insurance and the New Health & Social Care Levy

The Government has announced an increase in national insurance contributions and dividend tax rates from April 2022. This will be a temporary one-year increase before a new health and social care levy is introduced in April 2023.

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29/10/2021

Recovery loan scheme for business explained

An extension to the Recovery Loan Scheme until 30 June 2022 was announced in the Autumn Budget 2021. The measure ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing COVID-19 loan schemes close.

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28/10/2021

Creating a home office and how it affects your tax

With home working becoming so widespread, we are often asked what are the tax implications and pitfalls of building a home office. In most cases this is an office in the garden, as this is usually far cheaper and a more practical way of creating space than building an extension or converting a loft.

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