Tax

As an employee, you've probably had to incur expenses while on the job, such as travel

A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends.

From 6 April 2023, the dividend allowance is to fall to £1,000.

Many businesses view entertaining clients and customers to be an important part of their marketing budgets

HMRC are currently taking an inordinately long time to issue VAT registration numbers.

Corporation tax is being reformed from 1 April 2023.

Today, Jeremy Hunt announced the following measures:

• Further support with energy bills

• Expanded free childcare for children aged nine months to four

• The abolition of the pension lifetime allowance

• Climbing corporation tax

The government introduced ‘cycle to work’ back in 1999.

The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood

These 5 risk areas are prone to errors when computing business profits.