Effective financial record keeping is crucial for any business owner to maintain compliance with tax regulations and gain a clear understanding of their financial status.
What happens if your directors’ loan account is overdrawn?
If you are a shareholder and director, a directors’ loan account can be a useful financial facility both for you personally and for the company as a separate legal entity.
What do you need to know about salary and dividends?
If you are a business owner, you need to consider what to take in salary or in dividends.
Large number of over 65s file Self Assessment tax return
The 2021 to 2022 tax year saw a considerable amount of people aged 65 and over filing a tax return.
How the personal allowance works
Understanding your income tax and personal allowance is important when looking at your finances and how you are taxed.
The Christmas gift allowance: how it works
Are you planning on treating your staff or clients this Christmas? Christmas gifts can be subject to tax, so it is important to understand these tax rules this festive season.
Have you filed your online Self-Assessment form?
The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun.