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higher rate tax

83% of Owner Managed Businesses think tax increases should be delayed until recovery well underway

•    Early tax rises would hit business and consumer sentiment •    Businesses also want assistance targeted at those that need it – more means checking and anti-fraud checks  

Is a FIC right for you?

A FIC is a “family investment company” and a tax efficient way of passing on your wealth without losing control of it.

Income Tax – regional differences

You will pay Scottish Income Tax if you live in Scotland, Income Tax if you live in England or Northern Ireland and the Welsh Income Tax if you live in Wales.

Plan your money 2019

2019 is set to be a year of changes for finances, with everything from council tax, state pension payments and inheritance tax set to change. Find out about the changes below and how your finances could be affected.

Plan your money 2019

2019 is set to be a year of changes for finances, with everything from council tax, state pension payments and inheritance tax set to change. Find out about the changes below and how your finances could be affected.

CGT planning for married couples

This article is also relevant to couples who have entered into a civil partnership. For the tax year 2018-19, taxpayers can make tax-free capital gains of up to £11,700. This allowance is available on a per person basis and so married couples (and those in a civil partnership) have a combined CGT allowance of £23,400.

CGT planning for married couples

This article is also relevant to couples who have entered into a civil partnership. For the tax year 2018-19, taxpayers can make tax-free capital gains of up to £11,700. This allowance is available on a per person basis and so married couples (and those in a civil partnership) have a combined CGT allowance of £23,400.

Tax Diary January 2019

See important tax dates for January here.

Tax Diary January 2019

See important tax dates for January here.

Tax diary for November 2018

November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month. 

Tax diary for November 2018

November is a very busy time for returns and tax payments. Below are the important dates coming up over the next month. 

Higher rate tax payers may be better off paying interest on the loan account rather than dividends

Ever since the introduction of the 7.5% increase in the rate of tax on dividends recently, it has been more tax efficient for owner managed business shareholders to pay interest on their loans to the company rather than pay themselves dividends.