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Exploring the Pros and Cons: Residential Property Purchase through Limited Company vs Sole Trader

Exploring the Pros and Cons: Residential Property Purchase through Limited Company vs Sole Trader

by Martin Craighan | Jan 16, 2024 | Accounting, Budget, Business Startup Tips, HMRC, Property Expenses, Property Tax, Tax Tips

Introduction The decision to invest in residential property is a significant one, and it comes with various considerations. Among these is the choice of the legal structure through which to make the purchase – whether as a sole trader or through a limited company....
Loans to company proprietors: A tax nightmare!

Loans to company proprietors: A tax nightmare!

by Martin Craighan | Aug 17, 2023 | Accounting, Business start-Ups., Business Startup Tips, Financial, Latest Tax News, Salford Accountants, SAVE YOU TAX, Tax News, Tax Tips

Some policies to be familiar with when a company makes a loan to a close company participator or their affiliate. Based on specific exceptions, where a ‘close’ company (see listed below) has actually made a loan, advancement, or a benefit on a participator...
The amount of salary should I take from my business to be most tax efficient as a Company Director?

The amount of salary should I take from my business to be most tax efficient as a Company Director?

by Martin Craighan | May 25, 2022 | Accounting, Business Startup Tips, Tax News

₤ 9,100 a year as a monthly directors salary, which relates to ₤ 758 monthly the balance is to paid in company dividends and these should be taken no more than once a month and usually paid monthly . It seems like a weird concern: “what is actually the optimal...

Recent Posts

  • Selling a property at a minimized value
  • Reporting residential property gains and tax payments
  • Giving the property portfolio – moving property to close family
  • Spousal dividends: Tips and catches
  • Rules and Regulations on Directors Loan Payments

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