Guides

Avoiding the “salary trap” Many directors withdraw funds from their limited company using a low salary / dividend combination.  The benefit being a preferential tax position and no National Insurance to pay on dividends.  However be aware that it’s becoming …

Everyone in the UK is responsible for paying tax, this money then funds the UK’s public services.  It is your responsibility to ensure that you pay the right amount of tax and on time, otherwise you could face serious penalties. …

Understanding childcare tax breaks Each parent in the UK is entitled to employer-supported childcare with a tax and NI free exemption of up to £55 per week or £243 per month.  This is a Government-supported scheme, designed to make childcare …

March, the last month in the current tax year – Don’t miss out on last minute tax saving opportunities. As a limited company director you should make time to evaluate your earnings so far this year.  You can then establish …