Is the Land Rover Discovery a car or van for BIK? This is relevant to other similar types vehicles taxed as “commercial” for Vat and VRT. You will get to meet Tom Dunne and Bill Flynn, directors of Bigbiceps Ltd [BBL], a supplement supplier. The main areas of focus are Car or Van – what’s
For Business owners, we will look at 5 tips for 2023. So much happens in such a short time it is difficult to have thinking time. Work, family, events, and now Christmas presents and the Christmas dinner. It is hectic. You will relate to this “By working faithfully eight hours a day you
Cash in Your Company – What to do with it? Have you cash in your company? Do you know what to do with it? What do the directors do with it and how do they make it work for them? The main points we will focus on are Salary/Dividends Benefits Pension Invest Cash extraction
Debt Warehousing Payment Plan We will look at a debt warehousing payment plan. As a quick recap, Debt warehousing came into play to enable a business to warehouse its tax debts. Revenue love their acronyms and would call this the DWPP. Sounds like a political party! For most businesses period 2 ends on the 31st
We look at 5 Tax tips when buying commercial property in a company. It can make good investment sense. But you should know what you are getting into. The taxes we focus on are Stamp Duty Vat Tax rate & surcharge Pay a dividend Selling the property Dick Jagger arranges to meet you. I can’t
We will look at 5 Tax benefits for 2022 and 2023 for employees and business owners. Some come into effect now and others will kick in in 2023. Our main focus will be on Increase in the lower rate band Increase in tax credits Rent Tax Credit USC – increase in 2% band Small Benefit
This week we are going to look at the tax implications of taking a loan from your company. We will look at Setting the scene Company Tax Benefit in Kind [BIK] Loans not caught Can Teddy do better? Summary Setting the scene? Teddy Moore set up a new company in February of 2020 called Getmoore
Good morning all, and dare I say it, but the day is looking positive. Not exactly fry an egg on a stone but there’s some heat in it! It’s fantastic to see a bit of positivity about the place. The vaccines are getting out there and people are very excited to get them. My sister,
Hello from Sunny Tramore. It’s only delightful to see the sun shining through the window when I extract myself from the bed. The small slivers of bright sunshine make that difficult task a bit easier. After a bowl of Flahavan’s finest, it’s on to the laptop for my Friday morning routine of writing this blog.
It’s a nice calm day in Tramore. Although there is a lonely wave or two creeping over the prom wall. Waiting to engulf an unsuspecting passerby. The Metalman is visible and surveying the bay for early morning swimmers. All that is missing is a whistle and a warning light to assume the role of an
