Are You Paying Your Taxes Correctly as a Business Owner?
Are you an established limited liability company or have you just opened a small business? Irrespective of the current condition of your undertaking, there are certain expenses that can go unclaimed. In other words, you can end up paying way more in taxes than you need to but not if you are aware of the
Read MoreBusiness Lasting Powers of Attorneys (Financial LPA)
There is a general misconception that Lasting Powers of Attorney (LPA) can only be used for personal use. This is certainly not the case. Whether you are a company director, partner or sole trader; as a businessperson, you will have invested a lot of money, time and effort into your business and, so you need
Read MoreNew Dividend Tax! Are Your Worse Or Better Off?
The new changes to the taxation regime of dividends which will be effective from April 2016 has brought about a lot of confusion particularly for SME business owners, to say the least. The main changes are as follows: New Allowance: First £5,000 tax free New Tax Regime: Over £5,000 are to be taxed at different
Read MoreIs the tide changing for offshore companies?! The HMRC recently successfully challenged the status of three Jersey based companies holding real estate.
Offshore companies are popular vehicles to mitigate tax liabilities by holding one’s assets outside the UK jurisdiction. Many businesses and family offices use a non-UK based company as the holding vehicle for their real estate portfolio in the UK so as to benefit from tax exemptions. For years, properties in the UK held in an
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