Limited Company

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  • Make the most of the dividend allowance.

    Make the most of the dividend allowance

    The 2020/21 tax year comes to an end on 5 April 2021. 

  • What tax do I need to pay by 31 January 2021?

    What tax do I need to pay by 31 January 2021?

    The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021.     

  • Utilise the trivial benefits exemption to provide tax-free Xmas gifts.

    Utilise the trivial benefits exemption to provide tax-free Xmas gifts

    The Covid-19 pandemic has placed the office Christmas party firmly off the menu this year. 

  • Paying family members.

    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

    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.     

  • Small businesses struggling due to the coronavirus pandemic should be able to apply for a quick and easy-to-access loan of up to £50,000, with no interest charged or repayments needed in the first 12 months. .

    Covid-19: Bounce back loans

    Small businesses struggling due to the coronavirus pandemic should be able to apply for a quick and easy-to-access loan of up to £50,000, with no interest charged or repayments needed in the first 12 months.     

  • Off-payroll working rules (IR35) update.

    Off-payroll working rules (IR35) update

    The off-payroll working rules, known as IR35, were introduced in 2000 to ensure that someone working like an employee, but through a limited company, pays similar levels of tax to other employees. 

  • Rishi Sunak's  Winter  Economy Plan.

    Rishi Sunak's Winter Economy Plan

    Rishi Sunak's Winter Economy Plan.

  • Extracting income from a family company with no retained profits.

    Extracting income from a family company with no retained profits

    The Covid-19 pandemic has had an adverse effect on millions of family companies, potentially reducing or eliminating profits.     

  • Reasonable excuse – does coronavirus count?.

    Reasonable excuse – does coronavirus count?

    HMRC may allow an appeal against a penalty if the taxpayer has a ‘reasonable excuse’ for why, say, they filed a return late or paid their tax late.

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