Newsletters

Spring Budget rings the changes

Business Tax, Personal Tax

The Chancellor of the Exchequer delivered his Spring Budget on 6 March 2024, with several announcements affecting individual taxpayers. What were the highlights?

06.03.2024

Winding up a trust - avoiding a tax trap

Personal Tax

You’ve been looking after a trust for your children for years. As they are now adults and working you’ve decided to wind up the trust and give each of them their share of the fund. What steps can you take to make the winding up tax efficient?

05.03.2024

Planning your year-end dividend

Business Tax, Personal Tax

The end of the tax year is approaching and you want to make full use of the 8.75% tax rate that applies to dividends. How can you work out how much dividend you can take and ensure its payment before the tax year ends?

01.03.2024

Fund your business with tax-efficient personal borrowing

Business Tax, Personal Tax

Your business needs a vehicle and some equipment. It will have to borrow to make these purchases. You personally have the cash which you could lend to the business, but might there be a more tax-efficient option?

28.02.2024

Getting directors’ NI contributions right for 2023/24

Business Tax, Personal Tax

The end of the tax year is just a few weeks away. As an employer you’ll need to carry out the usual payroll year-end routines. However, if your business operates through a company there’s an extra step that might be required. What is it?

22.02.2024

Is your private pension being overtaxed?

Personal Tax

Recent press reports suggest that anyone who takes income from their private pension has a better than 50/50 chance of HMRC taking too much tax from it. If you’re planning to draw any of your pension savings, how can you avoid this trap?

16.02.2024