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  • Take advantage of the enhanced carry back of losses.

    Take advantage of the enhanced carry back of losses

    Many businesses have suffered losses as a result of the Covid-19 pandemic, and where a business has made a loss, various options are available to obtain relief for that loss. The challenge is to make the best use of the loss.

  • Super-deduction for capital expenditure.

    Super-deduction for capital expenditure

    To encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. 

  • A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further profits as dividends. The optimal salary will depend on whether the employment allowance is available to shelter any employer’s National Insurance liability that may arise.

    Personal and family companies – Optimal salary for 2021/22

    A popular profit extraction strategy for shareholders in personal and family companies is to pay a small salary and to extract further profits as dividends.     

  • Budget 2021.

    Budget 2021

    A summary of the announcements made by the Chancellor of the Exchequer Rishi Sunak in the 2021 Budget on Wednesday 3rd March 2021.

  • IR35 and off-payroll working – what to do from 6 April 2021

    IR35 and off-payroll working – what to do from 6 April 2021

    Are you ready for the changes to IR35 and off-payroll rules coming in on 6th April 2021? Read our short summary of the changes.

  • Self-employment and the £2,000 dividend allowance.

    Self-employment and the £2,000 dividend allowance

    All taxpayers, regardless of the rate at which they pay tax, are entitled to a tax-free allowance for dividends.

  • Legal v illegal dividends.

    Legal v illegal dividends

    Changed business conditions in light of the Coronavirus pandemic have caused many companies to review their dividend policies not least because the company's financial position may have deteriorated significantly from that shown in its last annual accounts.

  • Electric cars from April 2021

    Electric cars from April 2021

    For 2020/21, it was possible to enjoy an electric company car as a tax-free benefit. 

  • Make the most of the dividend allowance.

    Make the most of the dividend allowance

    The 2020/21 tax year comes to an end on 5 April 2021. 

  • What tax do I need to pay by 31 January 2021?

    What tax do I need to pay by 31 January 2021?

    The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021.     

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