by Paul Whyatt | Oct 30, 2019 | Business Advice, Other Insights, Personal Tax, Taxation
For many SME businesses, tax can be such a headache that their business suffers. Here are some of the common mistakes you should avoid. 1. Not hiring a qualified chartered accountant This is a costly mistake for any business owner. There isn’t a more effective...
by Paul Whyatt | Oct 30, 2019 | Personal Tax, Taxation
If you operate your business through a limited company, you should be aware of the optimum salary/dividend mix to extract money from your company in the most tax-efficient way. This usually involves paying yourself a minimal salary and then dividends on top of...
by Paul Whyatt | Jul 27, 2019 | Business Advice, Business Start-up
Are you planning to access new funding for your business? Do you need to prepare a Business Plan to support your funding proposal? Here are some of the key things which you should consider including. Executive summary Always include an Executive Summary at the...
by Paul Whyatt | Jul 22, 2019 | Personal Tax, Taxation
The high income child benefit charge is an income tax charge designed to recover child benefits payments if the recipient or their partner has net income over £50,000 in a tax year. Introduced several years ago, the charge continues to catch out taxpayers. Child...
by Paul Whyatt | Jul 19, 2019 | Personal Tax, Taxation
Well it’s mid-July 2019 already. How many of you have completed your 2018/19 self-assessment tax return? Yes, we know it’s a chore and the filing deadline is 31 January 2020, but what’s stopping you getting it done now? Do you run your own business? How...
