ICONOS FINALES-TRAZADOS
Do dividend waivers still work?

Do dividend waivers still work?

You need to take a dividend from your company but there’s just one problem. Your business partner, who is also a 50% shareholder, doesn’t want to take any more income from the company during this tax year. What’s the solution?
Save tax by combining directors’ loan accounts

Save tax by combining directors’ loan accounts

You started a company last year and it’s time to prepare its first accounts. Your director’s loan account (DLA) is in credit but your spouse’s is overdrawn. Might amalgamating the DLAs avoid or reduce a tax charge?
Give your children a cheap mortgage

Give your children a cheap mortgage

Your son is struggling to get on the property ladder and current mortgage interest rates are making it harder. You’re over the inheritance tax (IHT) threshold but you’re reluctant to give him the money because you’ve heard horror stories about others losing half of it in a divorce. Is a family loan the solution for both of you?
The hidden income tax benefit of marriage

The hidden income tax benefit of marriage

You recently got married and a relative joked that you can save lots of money because of the tax breaks for married couples. As a newlywed are you entitled to a reduction in your income tax bill?
The tax incentive to do a thorough stock-take

The tax incentive to do a thorough stock-take

The annual stock-take isn’t exactly your favourite thing to do. You know resources could be better spent elsewhere so you try to get through it as quickly as possible. Why might it be worth a little more of your time?
Are hotel costs tax deductible?

Are hotel costs tax deductible?

A company has made a generous offer to a key hire. The would-be employee lives 150 miles from the office and the director has asked if the company can reimburse expenses for overnight stays during the week. What are the tax implications and is there a better way?
Accounting for VAT if there is no cash payment

Accounting for VAT if there is no cash payment

Your business has submitted repayment returns for the last two quarters and you are concerned that you might have underpaid output tax on some supplies where no money has changed hands. Are your concerns justified?
Tax relief on equipment you haven’t paid for (yet)

Tax relief on equipment you haven’t paid for (yet)

The timing of tax relief for purchases of equipment isn’t straightforward when payments are delayed or goods are purchased through hire purchase (HP) agreements. How can you use these rules to your advantage and get tax relief before you’ve paid the final invoice?

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