Newsletters
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Forming a partnership to split your income
Business Tax, Personal TaxYou’ve been doing some freelance work and what started out as a modest side hustle is now taking off. You’ll need to pay tax on the profits but is it possible to reduce it by splitting the income with your spouse?
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Paying VAT when cash is tight
VATYour business has suffered a major cash-flow problem caused by an unexpected bad debt. Your VAT return is due for payment and you do not have enough funds to pay on time. What can you do?
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How to improve your state pension
Personal TaxIf you ask the Department for Work and Pensions (DWP) it will tell you that once you’ve paid 35 full years of NI contributions you can’t increase your state pension by paying more. That’s wrong. When can paying NI beyond the 35-year limit benefit you?
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Will your employment allowance run out?
Business TaxAlthough you have thus far avoided the employers’ NI hike thanks to the employment allowance, you could be hit with a cash-flow crisis if it’s exhausted before 5 April. What can you do about it?
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Multiple tax-free perks for directors
Business Tax, Personal TaxWith Christmas in mind a fellow director has suggested your company uses the trivial benefits in kind exemption to provide £300 of tax and NI-free gifts to each director. You’ve heard about the exemption but can it be used in this way?
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Are IHT changes coming?
Personal TaxYou’re seeing a lot of speculation in the press about further changes to inheritance tax (IHT) in the upcoming Budget, including a cap on the amount you can give to your loved ones. Would you be better off making gifts before the Budget date?
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