When is my Corporation Tax payment due? For small Limited Companies, Corporation tax is due nine months and one day after the end of your accounting period. For example, if your financial year [...]
The employment allowance has been increased to £3,000 this year. So what is it and how does it save me money? Each employee or Director can earn £11,000 each year before they have to pay tax, but [...]
Each employee or Director can earn £11,000 each year before they have to pay tax, but your National Insurance payments start before this, beginning when your annual earnings reach £8,060. This is [...]
A new tax charge of 7.5% on dividends has been introduced from April 2016. How does this change affect you? The new rules allow you to receive £5,000 of dividends free of tax, but any dividends [...]
Is it better for you to have a company car, or to buy the car yourself and charge the company for business mileage? What actually is a “company car”? A company car is paid for by the company, and [...]
For the last few years it has been more popular to start a limited company than to set up as a sole trader. You may be wondering, with the introduction of dividend tax if it is still better to [...]
