Newsletters
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Can dividends ever be paid from loss-making company?
Dividends are generally the most tax-efficient form of income you can take from your company but they can only be paid out of profits. Despite this, might there be a way for your loss-making company to pay you a dividend?
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Turning accumulated profits into gains to save tax
Business asset disposal relief (BADR) can reduce the rate of tax on capital gains. However, tricky conditions can mean that BADR is lost. How can you ensure that you don’t lose out?
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Back-door company loans - is there a problem?
You’re starting a new business in partnership with a colleague. If your existing business, which operates through a company, provides start-up cash in the form of a loan, are there tax consequences?
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Put employment income through your company to save tax?
A colleague has suggested that you can lower your tax and NI bill if your employer pays your earnings to the company you use to run a part-time business. Is he correct?
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Compensating a departing director or employee
A dispute in the boardroom has resulted in one of the directors resigning from the firm. A financial settlement has been agreed to prevent the departure becoming acrimonious. Can the company apply the £30,000 exemption to the payment?
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Building certificates needed for 0% VAT
If you provide construction services on a new building to be used for a relevant charitable or residential purpose, or sell a new building to the users, your supply will be zero-rated. But what documents must you get?