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Optimal salary for 2023/24
A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends.
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Dividends in 2023/24
From 6 April 2023, the dividend allowance is to fall to £1,000.
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Client & staff business entertaining
Many businesses view entertaining clients and customers to be an important part of their marketing budgets
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VAT registration number delay announced
HMRC are currently taking an inordinately long time to issue VAT registration numbers.
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New corporation tax regime
Corporation tax is being reformed from 1 April 2023.
