Extracting profits from a property company
Recent tax changes, in particular the interest restriction for unincorporated property businesses with residential lets, have resulted in more landlords operating via a property company.
Recent tax changes, in particular the interest restriction for unincorporated property businesses with residential lets, have resulted in more landlords operating via a property company.
The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It
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Many businesses have been forced to close as a result of the national and local restrictions introduced to slow the spread of Coronavirus. Where this
Where a family company has cash in the bank but profits have been adversely affected by the pandemic, directors of a family company may wish
At the start of the pandemic, VAT registered businesses were given the option of deferring payment of any VAT that fell due in the period
Following the Prime Minister’s announcement that England will enter a national lockdown from 5 November 2020 to 2 December 2020, the Coronavirus Job Retention Scheme,
Over the past ten years, various steps have been taken to improve the effectiveness of the off-payroll (IR35) rules, with limited success. In April 2017
At the start of lockdown, the Government announced a number of measures to help businesses weather the pandemic. One of those measures was the option
Before the Government U-turn, many employees had started to return to office-based jobs. Where the employee had previously worked from home and had been provided
Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members. This has some obvious advantages including
In the July Economic Statement, as part of his Plan for Jobs, Chancellor Rishi Sunak announced that a new Kickstart Scheme would shortly be launched
Various support payments are available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should
Flexible furloughing As far as the Coronavirus Job Retention Scheme is concerned, it is all change from 1 July 2020. From that date, employees can
Waiver of dividends and remuneration Many companies are experiencing financial difficulties brought about by the coronavirus pandemic and there will be many instances where directors
Company car mileage rates update The company car benefit tax charge does not cover fuel provided for a company vehicle. This means that where an
Partnership rather than a limited company. We explain why in today’s blog. Employer-funded scholarships Special tax rules apply to scholarships, which include exhibitions, bursaries or
Weighing up LLPs A limited liability partnership (LLP) is similar to an ordinary partnership in that a number of people or limited companies join together
Tax relief on business-related loans Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on loans to, or overdrafts
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