There are a number of ways businesses can save money, and it’s important to explore all the options to find the best solution for your company. Here are a few cost-saving tips for businesses.
Category: Tax
Off-payroll working rules (IR35): Repeal of the repeal…
The new chancellor Jeremy Hunt has reversed the IR35 repeal announced by the former chancellor. The new chancellar said in his statement on 17th October 2022: “We are not continuing with … the reversal of off-payroll working reforms.” This means…
VAT on Rental Income
VAT on Rental Income: Navigating the complexities of VAT on rental income can be a daunting task for businesses. This blog post aims to shed light on the intricacies of this topic, from understanding the exemption of rent from VAT, to the implications of opting to tax rental income.
3 Ways for directors to withdraw money from the company
For company directors, depending on how much and how often you need to withdraw money from the company, there are 3 options: 1. Taking salaries Salaries are tax deductible for corporation tax and you can take a salary even…
Home Office for Company Directors: Tax Implications and Considerations
As a company director, setting up a home office can be an efficient way to manage your business. However, it’s crucial to understand the tax implications and legal considerations associated with this decision. This blog post will explore two…