Whether you’re looking to retire or move on to a new venture, selling your business is a big decision. If you’re incorporated as a limited company, you’ll usually be faced with two choices for how to structure a sale. You can choose between: Selling the trade – ie the...
Make use of these allowances while they last. When a business incurs costs, such as salary payments or stationery procurement, it can usually fully deduct them as expenses from its taxable profits, reducing the tax due. However, when it buys assets for operational...
Tax efficient advice for limited company directors. Believe it or not, there are more than 4.7 million limited companies registered in the UK, including the 810,316 incorporations that signed up in 2020/21. Only around 2m are actively trading, but the number of new...
Did you know that some capital gains are free of capital gains tax (CGT)? Talk to us to find out more about how to maximise your tax efficiency. Although you will pay CGT on most capital gains, there are some gains that are not subject to capital gains tax – and...
As a business owner, you will find that few things in your line of work are as precious as your time – time that would be better spent doing something other than accounting. Many people come to us asking for help with tasks that usually result in time slipping through...
Unincorporated businesses could be about to see significant changes to the ways in which they are taxed, following the launch of a Government consultation. The Government plans to reform the basis period rules in a bid to simplify how unincorporated businesses, such...
