News & Press

What is Tax Planning?Any company with good tax governance will seek to minimise their tax liability by using tools and mechanisms that the government makes available. These include things like, allowances, deductions, rebates and exemptions,...

Many people see the appeal of having their own limited company, whether this is because of their status or perceived image to their friends. Or even maybe because it is the most logical thing to do from a tax planning perspective. This is...

If you are a non-UK resident about to register a company in the UK, it may be worth contacting your Tax Consultants or a Chartered Tax Advisor for information and advice. There are many responsibilities that come with forming a company and,...

No one likes the thought or process of dealing with a tax enquiry from HMRC, whether in relation to the tax affairs of their business or on an individual basis. Whilst a small number of tax enquiries are still random checks (especially in...

One of the most important considerations when incorporating a new company is to fulfill the necessary tax requirements. For this reason tax consultants play a vital role in ensuring that their clients are paying the correct but lowest amount...

There may come a time when you decide to sell whole or part of your business and the reasons behind your decision can vary. You want to retire or the next generation are not interested in going into the family business. You may even...

Just like with individuals, if a company purchases an asset and then sells/disposes of it, then any gain from the disposal may be liable to tax. Instead of capital gains tax (which is the case for individuals), for companies, this comes in...

If your company/business makes profits that are liable to UK Corporation Tax, then as a director, it will be your responsibility to ensure that you pay this to HMRC on time. This article will provide advice on how you can plan ahead to pay...

What are tax-free benefits?Typically, when you provide your staff with non-cash benefits (often referred to as benefits-in-kind), such as a company car or private healthcare, it’s classed as part of their earnings and taxed accordingly. Your...

In the past few months, the Chancellor of the Exchequer, George Osborne, has taken steps towards making the buy-to-let market in the UK less attractive by introducing a number of tax changes. These measures have also been introduced to...

What Is Corporation Tax?Corporation tax is the tax that limited companies pay on their profits. It applies to income from trading, investments, and the sale of assets such as property or shares. In many ways, it is similar to income tax, but...

Many small business owners are often looking at tax efficient ways to get money out of their company, or to provide small rewards to employees in a tax efficient way.HMRC recognise that for small items, it is often not practical or efficient...