Knowledge Base
Personal Tax
Choosing your salary level
04 March, 2009
Choosing your salary level in a limited company is an important decision that needs to be made early on. This article explains the considerations and offers guidance.
Limited company dividends
03 March, 2009
Dividends are distributions of profit and can be paid to shareholders after the company has accounted for corporation tax at 21% on the company profits.
Inheritance Tax
01 January, 2009
Inheritance Tax is the tax paid on your 'estate'. Broadly speaking this is everything you own at the time of your death, less what you owe. It's also sometimes payable on assets you may have given away during your lifetime. Assets include property, possessions, money and investments.
Benefits in Kind (BIK)
01 January, 2009
If your employer provides you with non-cash benefits - such as a company car or medical insurance - you may be liable for paying tax on them.
Self Assessment Tax Return
01 January, 2009
A Self Assessment Tax Return is a personal not company responsibility and there is a catch-all situation regarding the completion of a return.
Tax and National Insurance for people who are self-employed
01 December, 2008
If you are self-employed You are responsible for your own tax and National Insurance contributions. This means telling HM Revenue & Customs (HMRC) about your income by filling in a Self Assessment tax return.
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