by Terry Phillips | Feb 4, 2024 | Profit Extraction, accountancy, Accountants, Business Owner, director, dividends, Employer, Family Business, Limited Company, Self employed, Shares, Sole trader, Tax planning
by Terry Phillips | Nov 22, 2023 | Budget, accountancy, Accountants, Business Owner, employee, Employer, hmrc, tax, Tax return
Accountants Chester – Autumn Statement Key Tax Points In an effort to boost the UK economy, Chancellor Jeremy Hunt unveiled a package of measures that includes business tax cuts and reforms to national insurance contributions: The headline rate of national...
by Terry Phillips | Nov 19, 2023 | accountancy, director, employee, Employer, Employment, hmrc, Income Tax, National Living Wage, National Minimum Wage, tax
Accountants Chester – Tax Tip No. 49 Workers are entitled to be paid the National Living Wage (NLW) or Minimum Wage (NMW) for their age. Employers who fail to do this run the risk of financial penalties and of being ‘named and shamed’. To help employers avoid...
by Terry Phillips | Oct 25, 2023 | Self-Assessment, accountancy, Accountants, business management, Business Owner, director, dividends, Employer, Family Business, hmrc, Income Tax, Influencers, MTD ITSA, Personal Allowance, Self employed, Sole trader, tax, Tax return
Accountants Chester – Tax Tip No. 45 The Self-Assessment deadline is just 100 days away, HMRC has reminded customers. With just 100 days left to submit Self-Assessment tax returns for the 2022-23 tax year, HM Revenue and Customs (HMRC) is reminding customers to...
by Terry Phillips | Oct 22, 2023 | alphabet shares, accountancy, Accountants, Business Owner, director, dividends, Employer, Family Business, hmrc, Limited Company, Shares, tax
Accountants Chester – Tax Tip No. 44 Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend allowances of other family members, an alphabet share...
by Terry Phillips | Oct 17, 2023 | corporation tax, accountancy, Accountants, Business Owner, director, Employer, Family Business, hmrc, Limited Company, tax
Accountants Chester – Tax Tip No. 43 If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think that there is nothing further you need to do as regards the lack of corporation tax due. After all,... 
