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Just what is meant by the term "dividend"?

It's the share of the company's earnings that is passed through to the owners. A dividend is a distribution of a portion of a company's...

Taxes on retirement funds

It's possible for most people to earn interest on their savings without having to pay tax on it. There are three primary tax exemptions...

Is it Possible for a Sole Trader to Have Employees?

Is the Formation of a Limited Liability Company Necessary When Hiring Staff? You are not limited to working alone if you operate as a...

What exactly is a CIS monthly return?

A monthly CIS return is a key component of the government's Construction Industry Scheme (CIS). The government used CIS to combat fraud...

What exactly is a sales tax nexus?

While sales tax isn't often the subject of captivating headlines, a hot little topic known as "nexus" has kept sales tax ins and outs in...

Why hasn't my tax refund arrived?

You submitted your taxes on time and were fortunate enough to receive a tax refund. But what if the amount deposited in your account by...

How Do I Inform HMRC That My Company Is Now Dormant?

Companies House technically does not require you to notify them about the change of status of your company until your next filing of your...

Are Company Incorporation Costs Tax-Deductible?

A successful business must be built from the ground up, step by step. The first step would be to transform the company into a legal...

What Landlords Should Know About Tax Digitization

In addition to more frequent real estate tax changes, HMRC is currently implementing the ambitious Making Tax Digital scheme, which will...

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