What salary should I take as a director of a limited company?
Being a director of a limited company means having the ability to pay yourself in a different manner to being a typical PAYE employee.
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SMEs to benefit from Chancellor’s change to the Research & Development tax credits schemes
Chancellor Jeremy Hunt announced a partial reversal to the SME Research & Development (R&D) tax credit cuts in the recent Spring Budget after facing months of pressure….
Chancellor abolishes Lifetime Allowance pensions shake-up
The abolition of the pensions Lifetime Allowance, (LTA) which was announced in the Spring Budget, releases people to save as much as they like into…
How does Full Expensing work?
Chancellor Jeremy Hunt has announced a partial replacement for the Super Deduction that allows companies to write off 100 per cent of the cost of…
Crypto transactions to become part of Self-Assessment under new regulations
The Government has announced there will be greater scrutiny on the reporting of all crypto transactions, including for cryptocurrencies and non-fungible tokens (NFTs). HM Revenue…
How do changes in Corporation Tax affect my business?
Changes to the amount of Corporation Tax (CT) businesses pay came into effect on 1 April. From that date, the main rate of CT rose…