When is a dividend a dividend? For lots of SME business owners, dividends will make up a significant part of their total personal income. #Dividends will often be used alongside a salary payment from your company. Dividends offer some tax benefits compared to taking all of your remuneration by way…

Get ready for changes to UK Company Law. UK Company Law is changing from today, 4th March 2024. We know companies, intermediaries and other stakeholders want to make sure they’re ready for the changes, so that they can take action at the right time. Anyone thinking about incorporating a company…

Tax advantages of using Venture Capital Trusts (VCTs) as part of your personal tax planning. Following on from our blog about the use of the Enterprise Investment Scheme (READ HERE), we thought we would focus on another investment strategy which may see you obtain tax benefits from – Venture Capital…

Using the Enterprise Investment Scheme (EIS) as part of your personal tax planning. The Enterprise Investment Scheme (EIS) is a tax incentivised investment scheme approved by HMRC that UK taxpayers can benefit from. We’re going to take a look at what the tax advantages of EIS are… 1. Income Tax…

You may have seen an article published last week from HMRC in regards to proposed changes around the tax treatment of “Double Cab Pick Ups” following a tax case result regarding Coca Cola. The change was significant with this type of vehicle being proposed to be classed as a car,…

Tax Return Deadline Reasons to file your tax return early. If you need to file a self-assessment return – hopefully you know by now! We have covered off in previous blogs who may be required to complete a tax return each year, but the general principle being that if you…

Tax Return Deadline What happens if I file my tax return late? As a business owner it is essential that you have a clear understanding of your obligations with regards to your tax affairs. If you are required to file a self-assessment tax return, it is important that you are…