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Section 455 Tax Charge

Section 455 Tax Charge

Published On June 16, 2023The section 455 tax charge is a specific tax charge levied on a close company where a loan to a ‘participator’ (normally a shareholder) is not cleared by the corporation tax due date falling nine months and one day after the end of the...
Business Strategies

Business Strategies

Incorporating A Company When starting a business, it is usually as self-employed or as a partnership. As the business grows, working through a company may be considered for several reasons (limited liability being one of the more important). Tax is no longer a...
Business Awards 2021/2022

Business Awards 2021/2022

Business Awards 2021/2022 > Resources > Events Published On June 2, 2023 Business Awards 2021/2022 > Resources > Events Published On June 2, 2023 Recent Posts 5 signs you’ve outgrown your DIY accounting solutions February 14, 2024 Buying property through a...
Extracting Funds From The Company

Extracting Funds From The Company

Owner-managers can extract funds from the company in various ways. Typically, the working shareholders may well, in addition to drawing a normal salary, decide whether to extract surplus profits by means of a bonus or dividend. Hitherto, the high levels of National...
Hounslow Business Awards 2020-21

Hounslow Business Awards 2020-21

Hounslow Business Awards 2020-21 > Resources > Events Published On June 2, 2023 Hounslow Business Awards 2020-21 > Resources > Events Published On June 2, 2023 Recent Posts 5 signs you’ve outgrown your DIY accounting solutions February 14, 2024 Buying...
HMRC Interest Rates

HMRC Interest Rates

The current late payment and repayment interest rates applied to the main taxes and duties that HMRC currently charges and pays interest on are Late payment interest rate — 7% from 31 May 2023 Repayment interest rate — 3.5% from 31 May 2023 HMRC interest rates are...