A company is called a joint venture company (JVC) if its shareholders hold 50% or less of its shares and voting rights. (It would be called a subsidiary of a holding company if its shareholder held more than 50% of the shares and voting rights.) The Investing Company…
When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider. Two popular options are operating as a sole trader or forming a limited company. Each of these options comes…
In the past, business owners have been heavily taxed when they had a business car which they also used for personal, but this is all changing with HMRC reducing the BIK (Benefit in Kind) taxable benefit to zero for 20/21 on new or unused emissions-free electric cars…
With this blog we’d like to share with you some ideas to help reduce your tax bill and/or maximise your money. Claim all valid business expenses in your company, such as: Use of home when doing billable work from home (you can ask us about the calculation if you’re…
A director’s loan is when you take money from your company that isn’t a salary, dividend or expense repayment and you’ve taken more than you’ve put in. You and your company may have to pay tax on the loan. You must keep a record of any money you borrow from or pay…
Thinking of buying investment property through your limited company? This might not be the best option for you. There are a few issues to take into consideration, some of which are: Your company does not get any CGT free allowance from selling assets; Your company…