Employment Allowance is a valuable government scheme that allows eligible employers to reduce their annual National Insurance liability by up to £5,000. While this relief can benefit many businesses, there are certain restrictions in place—and one of the most misunderstood is the employment allowance exclusion for single-director companies. In this article, we break down what...
As tax rules become more complex, UK companies are being urged to reassess their loan relationships—a crucial yet often overlooked aspect of their financial planning. HMRC’s ongoing scrutiny in this area makes it even more essential for businesses to assess how loans and financing arrangements are being reported. Why Loan Relationships Matter A loan relationship is broadly defined...
Inheritance tax (IHT) is often viewed as a financial burden; however, in certain situations, it can provide strategic advantages, particularly when a company repurchases its shares. For family-run businesses, this can be a tax-efficient opportunity that turns a challenge into an advantage. Understanding Share Buybacks and Inheritance Tax (IHT) When a shareholder passes away, their...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
