My Latest Blogs
17th April 2024
Buy To Let through a Limited Company
There continues to be an ongoing debate when buying a residential property to let out about whether to buy this personally or set up a limited company to own it. Unlike our sole trader v limited company comparisons for a trading business there is not a clear division based on profits. There are a lot…
3rd April 2024
Statutory Maternity Pay (SMP) re-visited
One of the areas we find that generates more enquiries than any other is the murky world of Maternity Pay and all associated areas such as paternity, adoption and shared parental leave. Paternity Leave is the easiest area to get to grips with: Statutory Paternity Pay (SPP) lasts for 2 weeks. The employee can take…
25th March 2024
Finance available for start ups
Did you know that there is finance available for start ups? Starting in business can be an expensive task and a lot of businesses are not always aware of the funding that is available from the government to help with this. Where to start The most popular is the government backed start up…
5th December 2023
Sole Trader V Limited Company
‘Sole Trader V Limited Company – Which is better for me?’ Minimising the tax paid on profits is a key aim of most SME businesses. The tax benefits of trading through a limited company, as compared to operating as a sole trader or partnership, were attractive as profits grow. However with the increase…
24th November 2023
Dividends Vs Salary: Directors
With the reduction in employees National Insurance (NI) through the Autumn Statement, to 10% and the drop in the dividend allowance to only £500 from April 2024. Alongside the previously announced rise in Corporation Tax rates. The question directors will ask again is, am I better paying myself a higher salary rather than dividends? …
18th March 2021
Holding residential lettings in a company
There has been an ongoing debate since the government started to reduce tax relief available on mortgage interest that having property in a company could be more beneficial. In order to transfer the property from personal ownership there could be a CGT charge depending on the difference in value from when you bought it…
24th April 2020
Job retention scheme update
So we are nearly at the end of the first week of the job retention scheme portal opening and as a firm have processed over 100 claims helping more than 500 employees continue to get paid. We are still continuing to process the claims, hoping to help more businesses gain funding to keep going. …
3rd April 2020
Marriage allowance can you cash in?
The marriage allowance allows you to transfer £1,250 of your unused personal allowance to your husband, wife or civil partner in a given tax year. In order to qualify the one receiving the transfer must not be a higher rate tax payer and the lower earner must have income below their personal tax free…
23rd March 2020
COVID-19 Pandemic: What help can your business get?
In the recent Budget, and subsequent announcements, the Government have introduced numerous measures to help small businesses cope with the financial impact of the COVID-19 pandemic. Once you have decided how to follow Government advice with regard to your own business continuity, best advice must then be to more actively manage your finances, by preparing…