Much more trading, less investment!
We will take a look at the eligibility of providing holiday home lets that allows for business property tax relief under estate tax guidelines. Business property relief (BPR) is a beneficial inheritance tax (IHT) tax relief for company owners, which is available where...
Hand them over!
This synopsis reviews the kind of information and documents a taxpayer is required to turn over if HMRC sends them an information notice request. Taxpayers generally choose to avoid correspondence with HM Revenue and Customs (HMRC); nevertheless, it is rarely good...
Directors loan accounts: Pass it on?
An instance where an overdrawn director’s loan account balance caused an unexpected tax charge for a director shareholder. Director’s loan accounts (DLAs) are a typical function in the monetary declarations of family and owner-managed companies...Self-Employed? Is Incorporation Worthwhile?
It can still be beneficial to incorporate and draw out funds by taking a small salary and removing more revenues in the form of dividends (see Tips 25, 26 and 27). However, increases in the rates of corporation tax, employer’s National Insurance and dividend tax...
Uncollectable Bills and Tax: What Happens When Invoices Go Unpaid?
The tax implications for a business if billings are not paid. Uncollectable bills position a considerable challenge for every business. Dive Funding’s 2025 UK business debt report (April 2025) exposed that the average financial obligation per company stands at ₤...Our Average Score
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