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Running a car on the company - Benefit in kind, car allowance, company fuel cards
Despite successive Governments changing the rules to increase the tax take, the provision of company cars remains one of the more popular benefits an employer can give to an employee.
Personal and family companies – Optimal salary for 2021/22
A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further profits as dividends.
Leaving the VAT Flat Rate Scheme
The VAT Flat rate scheme is a simplified scheme for smaller businesses.
Tax efficient remuneration using pension contributions
Despite on-going speculation that the government will intervene at some point, for now, making contributions into a pension scheme continues to be a particularly tax-efficient form of savings.
Should I reduce my payments on account?
The deadline for filing your 2019/20 tax return is fast approaching, as is the due date for the first payment on account for 2020/21.
Paying family members
Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members.
Winding up a company - Overview
Disposing of a limited company usually involves a considerable amount of forethought, planning and paperwork because a number of possible exit routes exist and each company situation is different.
Paying for school fees
In the UK, paying for education affects many parents and their student offspring at some point.
Partnership With Starling Bank
We have partnered with Starling Bank and as users ourselves, can truly recommend them - There's a reason why they won best British bank in 2018, 2019 & 2020.
Flat rate scheme (FRS) for VAT
The VAT flat rate scheme (FRS) is used by many small businesses to help simplify their VAT reporting obligations, although some VAT experts would argue that the scheme is not simple to use.