If you’re looking for ways to minimise your corporation tax bill, it’s worth considering if there are deductible expenses you can claim. One key area to think about is your director pension contributions, as these can be offset against your taxable profits. Pension contributions for directors of up to £40K per annum can be deducted […]
It’s not easy to request payment on an invoice right now… But it is important to keep cash flowing into your business so you can cover expenses and meet your obligations to others. As with all business dealings at the moment, a little empathy and a lot of open communication can go a long way. […]
Paying your tax bill is an inevitable part of doing business. The more your income grows, the more tax you will have to pay. Unfortunately, you’re rewarded for your success with a bigger tax bill. While we don’t want our clients to avoid paying tax or evading HMRC. We do want our clients to pay […]
Please click below to view the September 2020 newsletter in PDF September 2020 Newsletter […]
Please click below to view the Budget Newsletter for 2020 in PDF Tax Briefing June 2020 […]
Here we outline the suggested combination of salary and dividends from your limited company to make best use of the tax rates and allowances. If you are looking at taking alternative combinations of salary and dividends, additional tax and NI will be due. Following the March budget, tax remains payable on all dividends in excess […]
Please click below to view the Budget Newsletter for 2020 in PDF Budget 2020 Newsletter […]
We have all been taken aback by the rate of infection of this virus and its widespread impact throughout our communities. It will take time until we reach the peak and come out the other side so being prepared and planning ahead is a must in these uncertain times. C&M Accountants is well placed to […]
Please click below to view the February Newsletter for 2020 in PDF February 2020 Newsletter […]
Further details have been published recently on the launch of the IR35 and suggest there will be no delay as some contractors and businesses were hoping. The review which was announced last December primarily now appears to be focusing on the implementation issues rather than investigating a delay or scrapping this altogether. Here we remind […]
