SMALL CORPORATES - Extracting money from a UK limited company in a tax-efficient manner involves considering the balance between salary, dividends, pension contributions, and other benefits. Here are some common approaches: 1. Salary Pay yourself a salary up to the...

TRADESMEN - You're taxed on profits through Income Tax and National Insurance Contributions (NICs). However, there are strategies to legally reduce your tax burden and extract (your) money in tax-efficient ways. Here are some key approaches: 1. Claim All Allowable...

TRADESMEN - What You Need to now About Recent Changes to (UK) Employers’ NI ! If you’re running a business and have people working for you, there’s been a shake-up in Employers’ National Insurance (NI) rules. Here’s the lowdown in plain English: Employers’ NI is...

TRADESMEN - In the UK understanding the 'CIS' is important for getting your tax affairs in order. CIS is a way for HMRC to collect tax from construction workers. If you’re self-employed or subcontracting in the construction industry, you might need to register for...

TRADESMEN - Expenses and benefits: social functions and parties: What's exempt - GOV.UK