Charging your company interest on a director’s loan is one of the most effective — and least talked about — ways to extract profit tax-efficiently. When structured correctly, you can combine the savings starter rate, the personal savings allowance, and your personal allowance to receive interest payments with little to no tax. Here’s how to maximise the benefit while keeping HMRC firmly onside.

Learn how directors can use the trivial benefits exemption correctly. Understand the £50 per gift rule, the £300 cap, and how to avoid HMRC pitfalls.

Dealing with unpaid tax can be stressful. It is important to address the issue quickly and effectively to avoid further complications. I will guide you through the steps to resolve unpaid tax with HMRC. This guide provides clear, practical advice to help you manage your tax obligations and maintain good standing with HMRC. Understanding Your Tax Situation Before taking any action, you need to understand your tax situation fully. This means reviewing your tax returns, payments

Managing finances is a critical part of running a successful business or handling personal tax matters. Understanding the role of professional accounting services can help you make informed decisions. These services offer more than just number crunching. They provide strategic advice, ensure compliance, and help optimise your financial position. In this article, I will explain the key benefits of professional accounting services and how they can support your financial goals.

Cash flow challenges are common in the construction industry, especially when unexpected bad debts arise. This article explains how small business owners and self-employed contractors can stay on top of VAT obligations, avoid penalties, and set up payment arrangements with HMRC when funds are tight.

With just five months left before the end of the tax year, now’s the perfect time for small business owners and the self-employed to get organised. From reviewing your income and expenses to making strategic purchases and planning pension contributions, this checklist will help you finish the year strong and start the next one on solid financial footing.