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The Hidden Cost of a £0 Tax Bill: Why Tax Planning Matters

The Hidden Cost of a £0 Tax Bill: Why Tax Planning Matters

Written by Audrey Jurkoniene | Founder of Business Help UK Group Imagine receiving your tax return from your accountant showing that you owe absolutely nothing to HMRC. No Income Tax. No National Insurance to pay. Perhaps even a tax refund. Sounds like good news,...
Tax-Efficient Profit Extraction: Options for Company Directors

Tax-Efficient Profit Extraction: Options for Company Directors

For most owner-managed companies, tax efficient profit extraction is about more than paying yourself and hoping for the best. The right approach usually involves choosing the right mix of salary, dividends and sometimes other lawful methods, while making sure each...
Director Loan Accounts: Common Issues to Discuss With an Accountant

Director Loan Accounts: Common Issues to Discuss With an Accountant

Director loan accounts are easy to use badly and expensive to sort out later. If you take money from your company outside payroll, dividends, expense repayments or funds you previously introduced, you can create a director’s loan that needs careful treatment in the...
Capital Allowances: What Should Business Owners Know?

Capital Allowances: What Should Business Owners Know?

Capital allowances can be one of the most valuable areas of tax planning for a growing business, but they are also easy to misunderstand. In simple terms, they are a way of getting tax relief on certain capital spending, rather than deducting the full cost as an...
Corporation Tax Planning for Small Businesses

Corporation Tax Planning for Small Businesses

Good corporation tax planning for a small business is not about gimmicks. It is about getting the fundamentals right early, keeping clean records, making decisions at the right time and avoiding expensive mistakes caused by assumptions. For most owner-managed...