Be careful when borrowing money from your company as a director – you might fall foul of the ‘bed and breakfasting’ scenario

Directors’ loans – Beware of ‘bed and breakfasting’ It can make sense financially for directors of personal and family companies to borrow money from the company rather than from a…

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If you need help on how to time dividends, read our short article that explains the basics

Timing dividends right could help save tax Timing the date of a dividend payment from a company can determine both the amount and the due date of the tax payable.…

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Are you prepared for the dividend allowance cut on your January 2020 tax return?

Dividend complexities The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to…

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Make the most of your allowances

The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free. In seeking to maximise your tax-free income, it makes sense to take…

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