Common Questions
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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.
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Paying family members
Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members.
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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.
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Paying for school fees
In the UK, paying for education affects many parents and their student offspring at some point.
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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.
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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.
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P45 procedures – What to do when an employee leaves
When an employee leaves, there are various procedures that need to be followed from a payroll perspective. These include telling HMRC that the employee has left and issuing the employee with a P45.
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Should I buy a rental property through a limited company?
Chancellor Rishi Sunak sets out some limited measures to stimulate the economy and help it recover from the ravages... -
Cars and vans – What’s new for 2020/21
There are a number of changes that apply from the start of the 2020/21 tax year that relate to the taxation of... -
Profit extraction in 2020/21 – What is the optimal salary?
A popular tax-efficient profit extraction strategy used by personal and family companies is to take a small salary...
