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When dividends cannot be paid
Under the Companies Act 2006, dividends can only be paid from realised profits, never from capital, no matter what a
What is the pension’s Money Purchase Annual Allowance?
The Money Purchase Annual Allowance (MPAA) is a pension rule designed to prevent individuals from gaining double tax relief on
What happens if you cannot pay your tax bill?
If you cannot pay your tax bill, it’s crucial to contact HMRC as soon as possible. They may offer support
Company director disqualification
Company directors have a legal duty to act responsibly and in the best interests of their business. If a director
Tripartite arrangements don’t necessarily enable an agency to escape accountability
The question was raised as to whether, in a tripartite agency relationship, an employment relationship exists between an employee and
Management buyouts: benefits for owners and teams
A management buyout keeps the business in familiar hands. The team that already understands customers, systems, and culture steps into
Improve cash flow with smarter invoicing habits
Why cash flow matters Profit is important, but cash pays wages, suppliers and loan repayments. Even strong businesses can struggle
Definition of a building sub-contractor
Know the rules for contractors & subs under CIS to avoid issues with HMRC. Under the Construction Industry Scheme (CIS),
VAT – digital record keeping
HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all businesses must retain general records
Trusts and Income Tax
Trustees must manage assets, follow tax rules, and register with HMRC where required. A trust is a legal arrangement in
Rules to protect effects of debanking
Banks must now give 90 days’ notice before closing accounts, giving customers more time to respond. Since April 2026, new
What is Support for Mortgage Interest?
SMI loans can help pay mortgage interest for those on benefits, but repayment is due when the home is sold.