Practical Guides

Practical guide: P11D filing for 2023/24

Business Tax

You are preparing to file your company's P11D forms for the last tax year. What should you keep in mind, and why might a change in how you report taxable benefits be advantageous?

30.06.2024

Practical guide: capital allowances for commercial property

Business Tax

Your company is about to purchase a factory and then extend the building afterwards. What capital allowances will be available, and how will claiming them impact the future capital gains position of the property?

23.05.2024

Practical guide: are you ready for the cash basis by default?

Business Tax

Following a consultation, the cash basis is being simplified and will become the default basis of accounts preparation for unincorporated business from 6 April 2024. What are the implications of this decision for your business?

25.02.2024

Practical guide: do you need to apply the salaried member rules?

Business Tax

The main partner in your firm, a limited liability partnership (LLP) that provides investment management services, has asked whether one of its members meets the conditions of the salaried member rules. What are these rules, and what guidance does recent case law provide?

31.12.2023

Practical guide: using cheap loans to beat high street rates

Personal Tax

HMRC’s official rate of interest, used for calculating the taxable amount on participator loans, is very low compared with high street rates. How can you use this to your advantage in a tax and NI-efficient way?

30.11.2023

Practical guide: profit extraction for 2023/24

Business Tax, Personal Tax

The tax savings that can be obtained by running a business through a company have vastly decreased in recent years. What potential changes could you make to improve the efficiency of your profit extraction strategy?

30.10.2023