Director Salary Tax Efficiency is more important than ever. As of 6 April 2025, new changes to the UK’s Employer National Insurance (NI) rules have come into effect. These changes have significant implications for directors of limited companies who want to maximise…
Are you a director of a small company navigating the complexities of tax calculations? Do you find yourself balancing between salary and dividends to optimise your income while minimising tax liabilities? If so, you’re not alone. Many directors face this…
When you close down your limited company and you have Retained Earnings in your company, you could possibly claim Business Asset Disposal Relief. There are potentially big tax savings in doing this. To claim Business Asset Disposal Relief on the retained earnings of…
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…
New or existing childcare vouchers? The question on whether the new Tax-Free Childcare will be more beneficial to your family than the existing Childcare Vouchers is not an easy one. It depends on the number of children you have and the savings you currently make as a…
National Insurance Contributions for Self-employed individuals that pay the following: Class 2 NIC on earnings more than £6,025 per year – this is a fixed amount of £2.85 p/w; plus Class 4 NIC at 9% on profits between £8,164 and £45,000 p/y; plus Class 4 NIC at…