Category: Corporate Tax

Dividend Complexities

The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to have a significant impact on employees and directors of small businesses who receive both salary and dividend payments. Many family-owned companies allocate dividends towards the end of […]

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Tax Relief for Pre-Trading Expenditure

Before any business can start to trade, there is a certain amount of expenditure that is inevitably incurred. For example market research; kitting out of business premises; financial advice in preparing business plans; travel costs; supplies; advertising etc. Although the business bank account doesn’t exist yet, you can still get tax relief on these vital business costs […]

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