Beware of diverting dividends to minor children to fund education
Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend …
Relief for post-cessation expenses
The end of a business will not necessarily mean that no further expenses are incurred. Where expenses are incurred after the business has ceased, tax …
Telling HMRC that you have no corporation tax to pay
If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think …
Key person insurance – When can you claim a deduction?
Premiums paid for key person insurance may be deductible in computing taxable profits. Read this article to find out what conditions must be met for a deduction to be forthcoming.
