Spring Budget 2017
In this blog post we will focus on the Chancellor’s Spring Budget announcements, which have already caused a stir and a U-turn on NI for the self-employed…
Optimising directors’ remuneration and R&D
It’s generally more tax efficient for a director shareholder to extract the majority of profit from a company as dividends rather than take it as a salary. But what if the company is undertaking R&D? Is this still the optimum remuneration strategy?Read More
Small businesses are bearing the brunt of HMRC’s tougher approach to tax investigations.
HMRC’s tax receipts from investigations into small and medium-sized businesses have increased by 31% in the last year. “Compliance” investigations into SMEs raised £565m for HMRC in 2012-13, up from £434m in 2011-12.
High Income Child Benefit charge
Do you, or your partner, have an individual income of more than £50,000 and one of you gets Child Benefit or contributions towards the upkeep of a child? If the answer is yes then you may be liable to this new tax charge..