26
February 2024
26
February 2024
Much of the law on dividend payments is contained in part 23 of the Companies Act 2006 and is complex and therefore easy for directors to make mistakes around. It is therefore important for shareholders and directors alike to ensure that they stay on the right side of the law by knowing the answers to common questions that arise when taking money out of their limited companies and to know where to look for additional information where more complex questions arise.
21
February 2024
21
February 2024
The Economic Crime and Corporate Transparency Bill received royal assent on 26th October 2023, becoming the Economic Crime and Corporate Act 2023 (ECCTA). ECCTA contains a range of measures to tackle economic crime and improve corporate transparency. While parts of the Act deal with wider aspects of economic crime including enforcement over cryptoassets, money laundering and a failure to prevent fraud, much of ECCTA is concerned with the oversight and transparency of corporate structures in the UK and includes a significant overhaul of Companies House and the way it works.
7
May 2021
11
November 2021
It is quite often the case that when individuals invest in second properties, at least part of the purchase price is raised through a mortgage. As a result, obtaining tax relief for the interest costs of the mortgage tends to be a key part of the financial equation for these investors. Of all the taxation changes in recent years, the phased introduction of finance costs relief restriction in 2017 has been the most worrying for private residential landlords. Some highly geared property businesses that are currently healthy and profitable could suffer tax charges in excess of their profits once the restrictions are fully operational from April 2020 onwards.
3
March 2021
9
November 2021
Choosing and setting up a business bank account is an important first step when setting up your business, so it pays to take care when deciding which bank to go with and the kind of account to open. With a plethora of on-line and high street banks now out there, it can be time consuming to research and make sense of what is on offer from the various different providers
1
March 2021
9
November 2021
The question of whether a business should incorporate or not crops up often and for small businesses, is potentially very important as there are a number of tax and regulatory considerations which need to be taken into account.