Put employment income through your company to save tax?

11th April 2024 by Joanne Stoneman

A colleague has suggested that you can lower your tax and NI bill if your employer pays your earnings to the company you use to run a part-time business. Is he correct?

Compensating a departing director or employee

5th April 2024 by Joanne Stoneman

A dispute in the boardroom has resulted in one of the directors resigning from the firm. A financial settlement has been agreed to prevent the departure becoming acrimonious. Can the company apply the £30,000 exemption to the payment?

Improving cash flow to help pay corporation tax bill

3rd April 2024 by Joanne Stoneman

Last year produced a good profit with a correspondingly high tax bill. Conversely, the current year will show a small loss. This has left the company with insufficient funds to meet the tax bill. How might a change of accounting date help its finances?