If you're a company director, understanding how you can take money out of your business is crucial. Limited companies are separate legal entities, so the rules are strict. One area that often causes confusion is the Director's Loan Account (DLA). Let’s break it down. What is a Director's Loan
Key Highlights of the Autumn Budget 2024
Corporation Tax Making Tax Digital (MTD) Rates relief Inheritance Tax (IHT) Capital Gains Tax (CGT) National Insurance and Employment allowance Capital Allowances 'Full expensing' deduction for leased assets VAT Thresholds Furnished Holiday Lettings (FHL)
A guide to the Autumn Statement 2023
The headline message from the Chancellor The Chancellor delivered his Autumn Statement for Growth aimed at building a stronger and more resilient economy. He highlighted that the plan is to “unlock growth and productivity by boosting business investment by £20 billion a year, getting more people
Expenses for Small Business: Reduce Tax and Boost Your Bottom Line
By understanding the types of expenses you can claim as deductions, you can effectively lower your taxable income and keep more money in your business's pocket. Office Expenses From office supplies and stationery to rent and utilities, a range of office-related expenses can be claimed. Whether