Jul 14, 2024 | Accountancy, Business Support, Money, Tax, Tax Advice
Are you making the most of taxable benefits? This is such an underused tax strategy, yet it is so powerful. But before we go into taxable benefits, Salaries and dividends A salary, unlike dividends, is subject to the employer’s and employee’s National Insurance...
Jul 7, 2024 | Tax, Tax Advice, Well being and mental health, Work life balance,
Have you heard of benefits in kind? If you haven’t, then read on to find out how this particular strategy can increase your tax savings as a business owner. What are benefits in kind? Well, they are perks or advantages provided to employees (directors as well) in...
Mar 17, 2024 | Mindset, Tax, Tax Advice
Did you know that if you take responsibility for your tax, you have good chances of reducing your tax bills by making tax adjustments? This involves understanding and fulfilling your tax obligations. Understanding taxes in the UK In my video about the UK Tax System,...
Mar 11, 2024 | Tax, Tax Advice
There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors over what tax advice actually is. This means as a business owner: …..you don’t know what to expect from your accountant …..you don’t...
Mar 11, 2024 | Tax, Tax Advice
A question I get asked all the time is: ‘What can I take out of my business?’ and ‘how do I save more tax?’ Well, the quick answer is, ‘there’s up to 32 ways to get value out of your business, tax efficiently.’ But the truth is, not all these 32 Ways to Get the...
Mar 11, 2024 | Tax, Tax Advice
We’d like to draw your attention to a Tax Relief, R&D Tax Relief. R&D tax relief was introduced by the government to support and incentivise innovation amongst small and medium sized UK businesses. Qualifying businesses can make an R&D Tax Relief claim up...