Paying yourself a salary: What are the most tax efficient options for limited company owners?

November 14, 2019 | by Sian Kelly | No comments

If you’re a director-owner of your own limited company though, you can pay yourself a regular salary with relative ease. The real question is how to do it in the most tax efficient manner.

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Overpaid tax? How to claim it back

October 16, 2018 | by Sian Kelly | No comments

There are various reasons why you may have paid more tax than you needed to for a tax year. For example, if you only worked at the start of the year, you may not have received all of your personal allowance.

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Summer Budget 2015 Tax Plans

July 21, 2015 | by Sian Kelly | No comments

Last week The Chancellor delivered his Summer 2015 Budget. We've summarised the implications of his announcements in a free, newsletter-style guide.
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March 2015 Budget Highlights

March 20, 2015 | by Karen Inform | No comments

The Chancellor’s 2015 March Budget was clearly aimed at winning the votes of savers and pensioners in the May General Election. The key points are highlighted in this post.

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Collection of unpaid tax through your tax code

January 22, 2015 | by blog editor | No comments

Currently, HM Revenue and Customs (HMRC) can collect tax debts of up to £3,000 by adjusting your Pay As You Earn (PAYE) tax code. HMRC refers to this as ‘coding out’. The effect of this is to recover the debt from your income, by increasing the amount deducted from your income during the tax year.

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AUTOMATIC RTI PENALTIES DELAYED AGAIN FOR SMALL COMPANIES

September 10, 2014 | by blog editor | No comments

HMRC has announced that the introduction of automatic penalties for late RTI submissions will be delayed another five months for small employers.

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