by Paul Whyatt | Mar 26, 2019 | News, Taxation
Pre 5 April 2019 – common tax planning issues The 5 April tax year-end is fast approaching, but you still have time to save tax. It’s also time to think about planning better for the next tax year. Some of the most common areas to think about are set out below....
by Paul Whyatt | Feb 22, 2019 | Business Advice, Business Start-up, Taxation
This guide provides an overview of the key issues when considering whether to run a UK trading business as an unincorporated sole trade (or if more than one person is involved, as a conventional partnership) and through a limited liability company. The first point to...
by Paul Whyatt | Feb 13, 2019 | Business Advice, Business Start-up, Taxation
When you start a business, you must decide which trading structure (also known as a “vehicle”) is appropriate for you. Indeed, business owners should review the structure of their business at key points in its lifecycle. A structure which was right for a...
by Paul Whyatt | Dec 10, 2018 | Personal Tax, Taxation
I hear this comment more frequently this time of year, as the self-assessment tax return deadline fast approaches (31 January). It’s a comment which usually ends with “but it’s always a bit of a nightmare” or “but I hate it!”. It is often accompanied by a...
by Paul Whyatt | Dec 6, 2018 | Personal Tax, Taxation
Client Self Assessment Checklist Tax Year 2017/18 (Year Ended 5 April 2018) We recommend that you complete your self-assessment tax return as soon as possible after the end of the tax year (5 April), so you can plan for any tax bill. The final deadline for submission...
by Paul Whyatt | Nov 30, 2018 | 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 this...
