Running a Payroll

So you’ve set up your new business, got your head around the bookkeeping, and your other responsibilities as a company director. You’ve even started to get some paying clients and now you want to pay yourself a salary. But what’s the best way to go about this? How can you do it tax efficiently? Should you run a payroll or …

Could you qualify for Entrepreneur Tax Relief?

If you are thinking about closing down your company, you may be able to claim tax relief from Capital Gains Tax. This means that instead of paying 20% CGT (or 32.5% or possibly 38.1% dividend rate for an additional rate tax payer) you could be paying 10% (this is a flat rate, regardless of whether you are a basic, higher or …