Latest General Practice

Updated: 8th July 2025 Reviewing business finances just before the year end, then taking actions to influence how the year end results will look, should be a key element of the annual financial management routine for larger more pro-active businesses.   Although corporation tax reduction is usually the key aim of most company pre year end…

Certain payments made by businesses on behalf of employees are tax free personally, so are useful for profit extraction and within flexible remuneration structures: Employer pension scheme contributions (up to £60,000 per employee per annum, plus potential ‘catch-up’ from previous 3 years. This assumes your personal income is not above £260,000 and you are not…