The dividend allowance is quite unusual in that it is available to everyone and everyone has the same allowance. For 2019/20 the allowance is set at £2,000. In common with many allowances, it is a case of use it or lose it. As the end of the 2019/20 tax year draws closer, what can be…
The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to have a significant impact on employees and directors of small businesses who receive both salary and dividend payments. Many family-owned companies allocate dividends towards the end of…
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Only travel short distances for business? Want to keep fit? Simply want to be more 'green'? Using a vehicle means you can claim 45p a mile which just about covers fuel for some larger vehicles. However, ride a bicycle and you can claim 20p per mile. Easily covering your costs!
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