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Email: jon@proactive-accounting.com
For most industries, dealing with HMRC consists of ruthless compliance requirements and demands for tax payment. For certain industries however, the government have chosen to offer tax incentives to encourage growth and development. First among those are what the UK government regard as “Creative Industries” which consist of: Television Animation Film Video Games Theatre Orchestra…
Don’t Let HMRC Reject You! As we all get back to normal after a busy tax year end for 2017 we are so happy to have helped so many businesses big and small to understand their tax liability and the ways and rules of HMRC. Something that comes to light every year is new clients’…
The Chancellor’s first Autumn Budget included a positive change in tax-free personal allowances and NI limits from 6th April 18. So how will that affect business owners and director’s tax bills and how should you plan to use these increased allowances? In simple terms let us disassemble the jargon and give you the main points! The…
As a limited company Director, you’re fortunate enough to be in the unique position of being able to exercise complete control over the way in which your company pays you for your services. For most people, this means tax savings can be made by declaring a small salary and compensating themselves through issuing dividends which…
Autumn 2017 Budget Changes The budget was less extreme than most were predicting thankfully. However, there are a few key pieces of information included which are likely to be relevant to our clients. Dividend Allowance The dividend allowance reduction from £5,000 to £2,000 as planned by the government last year appears to be going…