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Results for "break even" articles

HMRC Debt Collection Powers

HMRC Debt Collection Powers

HMRC Debt Collection Powers: What They Can Do and How to Respond Introduction Running a business means managing tax as well as customers and staff. If tax goes unpaid, HMRC will act. In recent years, HMRC has strengthened its debt collection powers and invested in new...

Illegal Dividend Tax Consequences

Illegal Dividend Tax Consequences

Running a limited company means playing by the financial rules. One key rule is around dividends. Dividends must come from company profits. If you pay one without profits, it becomes an illegal dividend. In this blog, we explain the impact of Illegal dividend tax...

Five UK Tax-Free Health & Welfare Benefits

Five UK Tax-Free Health & Welfare Benefits

Want to provide Tax-Free Health and Welfare Benefits and reduce tax liabilities? Good news. You can do both. In this blog, we explore five tax-free health and welfare benefits. These benefits help your team and keep your payroll costs efficient. Even better, they...

UK & Overseas Property Business

UK & Overseas Property Business

Do You Own Property in the UK or Abroad? Are you a landlord with property in the UK? Do you also rent out property overseas? Then you’re running two separate property businesses. That’s right. HMRC sees UK and overseas property as different. They see them as a...

Travel Expenses HMRC Allows: Powerful Ways to Claim More

Travel Expenses HMRC Allows: Powerful Ways to Claim More

When it comes to claiming business-related costs, understanding which travel expenses HMRC allows can save you time, stress, and money. In this guide, we break down what counts, what doesn’t, and how to handle claims correctly.  Understanding Travel Expenses  Travel...

National Insurance Rules For Directors

National Insurance Rules For Directors

National Insurance rules for directors works differently compared to regular employees. It’s not just about when you’re paid — it’s how your pay is treated across the tax year. If you’re a company director, or manage payroll for one, understanding the rules can save...