Tax Return Adviser Ltd
Practical Guides
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Practical guide: are you ready for the cash basis by default?
Following a consultation, the cash basis is being simplified and will become the default basis of accounts preparation for unincorporated business from 6 April 2024. What are the implications of this decision for your business?
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Practical guide: do you need to apply the salaried member rules?
The main partner in your firm, a limited liability partnership (LLP) that provides investment management services, has asked whether one of its members meets the conditions of the salaried member rules. What are these rules, and what guidance does recent case law provide?
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Practical guide: using cheap loans to beat high street rates
HMRC’s official rate of interest, used for calculating the taxable amount on participator loans, is very low compared with high street rates. How can you use this to your advantage in a tax and NI-efficient way?
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Practical guide: profit extraction for 2023/24
The tax savings that can be obtained by running a business through a company have vastly decreased in recent years. What potential changes could you make to improve the efficiency of your profit extraction strategy?
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Practical guide: company vs employee purchase of capital equipment
Your business is a company with several employees who wish to work from home, which the directors have agreed to. However, they need to purchase office equipment to be able to work. Are there tax breaks if the employees incur the costs, and is this the best option?
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Practical guide: Using a growth share plan as an alternative to EMI options
A company wants to retain and incentivise a key member of staff. The owners have discussed the enterprise management incentive, but the company is excluded under the legislation. What alternative can offer the same benefits?
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