News

All of the latest tax and finance information

PAYE round-up – what’s new and what you need to know

Dealing with PAYE is one of the main roles of any accounts department, and HMRC has been busy in this area over the past month, meaning there is plenty for businesses to know for the months ahead. One of the most pressing issues is that PAYE Settlement Agreements are...

2022 -2023 What is best Salary, Dividend or both?

We consider the most tax-effective methods for a director to withdraw profits from an owner-managed company. There are various methods by which directors can withdraw profits, but as a director is usually also a shareholder the two main methods are via a salary...

Business borrowing – how to access money if you are not eligible for grants

Welcome to the latest edition of Newswire – we hope you find it interesting and informative. All content is correct at the time of writing, but we suggest you speak with us for professional advice before acting upon anything that you read here. If your business does...

Transitioning to high marginal tax rates?

We have previously discussed issues around changing the accounting date in 2023/24: the transition year to the ‘tax year’ basis of assessment for unincorporated businesses. The additional profits arising in the year (after set-off of any overlap profits brought...

Business grants – do you know what your business is entitled to?

Welcome to the latest edition of Newswire – we hope you find it interesting and informative. All content is correct at the time of writing, but we do suggest you speak with us for professional advice, before acting upon anything that you read here. Many businesses...

Do you think you are paying too much tax? Guide to Understanding Tax on Dividends

What is Dividend A dividend is the distribution of profits a company earns to its shareholders. In other words, companies reward their investors with dividends for investing their money in the company. Shareholders who invest money in a company seek a return on...