📌 What is HICBC? HICBC, as it is known for short, is where if you or your partner earn an individual income of over £60,000 for the 2024/25 tax year and one of you claims Child Benefit, you may have to pay some or all of it back. Income in this case is defined as your...
Keeping your accounts and records in order can seem a little… tricky. For the self-employed, when income and outgoings are not always regular, if you allow enough time to pass, it can very suddenly look like an endless sea of invoices, receipts, and paperwork. How are...
As a business, you have many obligations and responsibilities, from HR to filing accounts. It can be a lot to take on, and it is important that everything is done correctly to avoid potentially costly penalties or reputation damage. Ensuring that your affairs are up...
Following legislative changes in recent years, the most tax-efficient way to extract profit from a business has become increasingly complex. 📜 Here are just some of the factors to consider: – Distributable Profits – Number of shareholders – How much...
