Limited Company← Back to Resources
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?
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
The Covid-19 pandemic has placed the office Christmas party firmly off the menu this year.
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.
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
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.
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?
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.