Blog Listing

03/06/2026

Extracting profits as rent

Where a business is run through a personal or family company, the directors/shareholders will need to extract profits if they are to be used personally.   

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03/06/2026

Escaping the HICBC

The High Income Child Benefit Charge (HICBC) is a tax which claws back child benefit where the recipient or their partner has adjusted net income of £60,000 or more in the tax year.   

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03/06/2026

Writing off a director’s loan

In a personal or family company, there are often transactions between the company and the director(s). For example, the company may meet personal expenses on the director’s behalf, or the director may loan money to the company to help cash flow.   

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03/06/2026

Reclaiming the cost of statutory payments

Employers must make statutory payments to employees who meet the eligibility criteria.  

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07/05/2026

Employment Allowance – can you claim it?

The Employment Allowance is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to £10,500 in 2026/27. The allowance is not given automatically and must be claimed.  

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07/05/2026

Benefits of an alphabet share structure

Where a business is operated through a limited company, profits need to be extracted if they are to be used personally. Where the personal allowance remains available, it is generally beneficial to pay a salary equal to the personal allowance and to extract any further profits needed outside the company in the form of dividends.  

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07/05/2026

Making quarterly returns for MTD for ITSA

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is now a reality for individuals who had combined trading and property income of at least £50,000 in 2024/25. They will now need to keep their records digitally and file their first quarterly return by 7 August 2026.  

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07/05/2026

Reporting income from FHLs in the 2025/26 tax return

The special tax regime for furnished holiday lettings came to an end on 6 April 2025. From that date, furnished holiday lettings are treated in the same way as other residential lets and form part of the same property rental business.  

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