Paying family members

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 matters of trust, reliance and…

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Tax implications of Covid-19 support payments

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 they be treated? Payments under…

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If your company has been hit by the pandemic, you might be thinking of waiving your dividend or remuneration as a shareholder or director. Read more…

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 and shareholders will be considering…

Continue Reading If your company has been hit by the pandemic, you might be thinking of waiving your dividend or remuneration as a shareholder or director. Read more…

Here’s the latest information on mileage rates for company cars, including the new coronavirus measures and what’s happening with the Advisory Electricity Rate for electric cars.

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 employer pays for all fuel…

Continue Reading Here’s the latest information on mileage rates for company cars, including the new coronavirus measures and what’s happening with the Advisory Electricity Rate for electric cars.

Tax tip! When you buy shares over £1000 you have to pay stamp duty of 0.5% on the transaction. Read more…

Stamp duty on share transactions Stamp duty is the oldest of our surviving taxes – dating as far back as 1694 – although the scope of the tax has considerably…

Continue Reading Tax tip! When you buy shares over £1000 you have to pay stamp duty of 0.5% on the transaction. Read more…