Practical Guides
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Practical guide: P11D filing for 2023/24
You are preparing to file your company's P11D forms for the last tax year. What should you keep in mind, and why might a change in how you report taxable benefits be advantageous?
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Practical guide: capital allowances for commercial property
Your company is about to purchase a factory and then extend the building afterwards. What capital allowances will be available, and how will claiming them impact the future capital gains position of the property?
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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?
Partners
Joanne Turner is licenced and regulated
by AAT under licence number 1006034
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