This weeks edition of the South Wales Argus features an article on the development of our own software. An accountancy firm has developed its own software suite in order to help businesses manage their taxation and finances better. Cwmbran-based accountancy firm Green & Co Accountants and Tax Advisors has spent over two years researching what their … Continue reading Accountancy firm develop its own software in bid to perfect service to clients
As of 6 April 2016 the tax payable on overdrawn director’s loan accounts increased from a rate of 25% to 32.5%. A director’s loan occurs when a director or participator takes money from the company which is not a salary, a dividend nor an expense repayment. Reversely, directors can loan money to the company which … Continue reading Reminder: Increased Tax on Director’s Loan Accounts
Many businesses choose to incorporate for several reasons, including liability protection and tax planning. But what should you do next, once you have gone through the initial effort of setting up your new limited company? Within a few weeks of incorporating you will receive an introductory letter from Her Majesty's Revenue and Customs. You should … Continue reading So I’ve Set Up A New Limited Company – What Next?