Pension Contributions from your Limited Company

By Natalie Ford

If you have a limited company, contributing to a pension can bring significant tax advantages. Pension contributions can be treated as an allowable business expense and offset against your company’s corporation tax bill. If you run your own business and it’s incorporated as a limited company, you can make personal pension contributions to a pension…

Tapered Pension Annual Allowance

By Natalie Ford

Key points The tapered annual allowance was introduced from 6 April 2016. For the taper to apply, the limits on threshold income and adjusted income must both be exceeded. For every £2 of adjusted income over £150,000, an individual’s annual allowance is reduced by £1. Why the tapered annual allowance was introduced In an attempt…

19/20 Tax Planning for Directors

By Natalie Ford

Optimum limited company director salary and dividends 2019/20 If you operate through your own UK limited company, you’ll often want to use the optimum tax planning strategy of extracting money from your company through a combination of dividends and a low salary. This blog outlines the most tax efficient salary and dividend structure for the…

Benefits of a Local Accountant

By Natalie Ford

As we move further and further into a digital world where information is a click away and we can deal with businesses on the other side of the world never having met the contact in person. Why is it important to have a local accountant?  Whilst accounting software allows documents and information to be shared using…

NHS Doctors Expenses

By Natalie Ford

Allowable Expenses for NHS Doctors If you work for the NHS then it is worth understanding the HMRC rules around what you can and can’t claim for against your taxes. This guide is for Doctors employed by the NHS and will help you understand: Which work expenses are tax deductible; How to work out how…

NHS Pension Schemes Explained

By Natalie Ford

All you need to know about the NHS Pension Scheme – how much you pay in, how the Scheme works, and what you can expect to get back. What is the NHS pension scheme? The NHS Pension Scheme is an attractive benefit for those that work extremely hard in the challenging environment of the country’s…

Load more