The best salary and dividend split for directors in 2024/5
Most company directors are paid an annual salary, and draw down profits as dividends. What is the optimal salary/dividend split in 2024/5?
How are small businesses taxed in the UK? We explore the various taxes you will encounter as a business owner – either as a sole trader or a limited company.
Most company directors are paid an annual salary, and draw down profits as dividends. What is the optimal salary/dividend split in 2024/5?
If you’re a company owner, this useful calculator will work out your net profits, after allowing for expenses and tax.
We look at the UK tax rules for the self employed so you can nail your tax return like a pro. We cover income tax and NICs for 2024/5.
In this guide, we look at the taxes the self employed pay. We also look at some common mistakes to avoid when it comes to dealing with HMRC.
How National Insurance works for small businesses – Class 1 for limited companies, and Class 2 & 4 if you’re a sole trader or member of a partnership.
If you are setting up a limited company for the first time, here is an overview of how corporation tax works, including details on the 2023 tax hike.
If you have employees, your business may be eligible to offset up to £5,000 of employers’ NICs each year, thanks to the Employment Allowance.
To explain more about the tax advantages of a limited company, we asked a leading accountant to outline the tax-effective ways you can pay yourself via your own company.
Here’s how company dividends are taxed, and how you calculate the amount of tax you need to pay on your dividends.
Corporation Tax rates increased from April 2023. We look at how the new tax regime works, and how much more tax small companies now have to pay.