On The Spot Blogs

Tax Checklist - Use It or Lose It - March 2016

With many changes announced even before this Wednesday's Budget, it's worth checking through these five items in case you want to take action before the end of the month/5 April:

 

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New Dividend Tax - How Will You React?

The summer, as for the Ashes tour, started badly with a summer Budget bringing a new unexpected dividend tax charge from next April which will badly affect all owner managed companies. How can you negotiate this massive change, and, like England, get some wins later on?

 

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How To Make Profits And Pay No Tax - Case Study #2

Or why it is sometimes difficult to understand a company's tax bill.....

Take a company which has made a £100k profit BUT £85k of this is from selling an asset, such as a specialist equipment.

 

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#Budget2015 - Sugar and Spice and All Things Simplification?

It seems to be good news all round from the Chancellor, but the economy isn't yet strong enough for a lot of sugary giveaways, apart from the continued increase to the income tax free personal allowance. 

 

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