by Alastair Wood | May 1, 2014 | Tax Advice
The real question is what is the maximum dividend I can draw without hitting one of many tax bands, there is not just the 40% band to consider now, but the Higher income child benefit charge (HICBC) which affects the earner in a household with income over £50k. The...
by Alastair Wood | Jun 1, 2012 | Tax Advice
As we look forward to the long weekend here are a few tips you may find useful: If you are completing the tax credit renewal form there are a couple of areas which may catch you out: Business owners – don’t forget to gross up dividends for 10% tax,...
by Alastair Wood | Apr 21, 2010 | Business Advice
Clients are always telling me that they do not understand their accounts. Clearly they know their business, and how to price to make money so it is only a small step to actually understanding the end of year accounts: The very back page or two is the detailed profit...
by Alastair Wood | Mar 21, 2010 | Tax Advice
Under self assessment anyone who has a tax liability must inform the Revenue and pay the additional tax. For the majority of employed taxpayers this does not apply as tax is collected by their employer every month and any adjustments are made in their tax code. The...
by Alastair Wood | Feb 12, 2010 | Tax Advice
This post comes as a result of looking at a couple of potential clients and checking whether they have considered a number of areas which will impact on their 2009/10 tax, particularly in respect of small limited companies: Is the shareholding in the company arranged...
