Year-end tax planning is essential for UK companies to optimise their tax liabilities and ensure financial efficiency. Here are some strategies to consider: Review Your Company’s Tax Position đź’Ľ: With the changes in corporation tax rates, it’s important to...
đź’·Dividends 1. Definition: Dividends are payments made by a company to its shareholders from its profits. 2. Eligibility: A company can only pay dividends if it has sufficient profits after tax. 3. Procedure: Hold a directors’ meeting to declare the dividend....
Selling a business is a key milestone for entrepreneurs but can have a big impact on your tax bill. There are various methods for selling your business, each with its own tax and legal obligations: 🔹 Asset sale – Specific assets and liabilities are sold, instead of...
Stamp Duty Land Tax (SDLT) is usually payable when you buy a residential property, subject to certain reliefs. In the infamous Mini Budget of 2022, stamp duty land tax thresholds were changed to try and stimulate the housing market, but these changes are due to come...
