How does a director pay themselves?
A company director of a UK business has several options in terms of how they pay themselves. This can be through a combination of salary, dividends and other compensation methods.…
read moreA company director of a UK business has several options in terms of how they pay themselves. This can be through a combination of salary, dividends and other compensation methods.…
read moreRunning payroll might seem an easy process but it can actually be a complex task due to the regulations, tax codes and legal requirements. Even an experienced business owner can…
read moreExplaining child benefit Child benefit is a government initiative that was developed to help families with the cost of raising children. In essence it is a form of social welfare…
read moreIn April 2016, new regulations were introduced allowing employers to provide 'trivial benefits' to employees without reporting them to HMRC. But what constitutes a trivial benefit, and how do you…
read moreA Benefit in Kind is a non-cash perk provided by an employer to an employee. These benefits can vary widely, with one of the most notable being a company car.…
read moreSelf-assessment tax is the amount of money an individual has to pay to HMRC. It is calculated based on the assessment of their income, deductions, and tax liabilities for a…
read moreForm 17 is an official HMRC document used to declare what the income split will be on a property, which is jointly owned, so that the correct tax payments can…
read moreWith the changes to self assessment thresholds bought in to simplify the submittal processes, has it really had the positive impact the government were hoping? Let’s explore this in more…
read moreAt various times in our working life, we may all have a desire to do something for ourselves and step into the world of business ownership. However, it is only…
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