Esther Theobald

Bed and Breakfasting Rules are not what you think. Throughout an accounting period a director can withdraw monies from the company against the Director’s Loan account (DLA), the withdrawals usually being satisfied by the taking of a salary and/or bonus…

Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. There are different ways of deferring CGT by selling or gifting a business asset which we will look at in more detail.…

Autumn Budget 2021 Highlights. “Growth up, jobs up, and debt down: Let there be no doubt – our plan is working.” These were the opening remarks from Chancellor, Rishi Sunak, during his Autumn Budget announcement earlier today. He began with…

Autumn Budget Expectations. Chancellor, Rishi Sunak, will be announcing his Autumn Budget on Wednesday 27th October. As with every Budget and Spending Review, there is already plenty of speculation around about what we can expect to be announced, so we…

Dividend Tax Rules can make it difficult to understand how dividends are taxed. The rules and the rates apply in the same way regardless of whether the dividends are paid from your personal or family company as part of a…

A new health and social care tax will be introduced across the UK to pay for reforms to the care sector and NHS funding in England. A social care package, which the prime minister has called “the biggest catch-up programme”…

Making mileage payments to employees As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda, in this article we look at mileage allowances for employees. Where employees undertake business travel, they will usually be…

The fifth and final Self Employed Income Support Scheme (SEISS) grant is available to apply for from the government. The scheme is available to anyone who is self-employed or a member of a partnership and thinks their business profit will…

Gifting property to children is not uncommon. No one likes the idea of the taxman taking a chunk of their estate when they die, particularly if it will be necessary to sell a much-loved property to pay the inheritance (IHT)…

During the Covid-19 pandemic, HMRC paused much of their tax collection work, both to allow resources to be diverted to other activities, such as administering the various coronavirus support initiatives, such as the Coronavirus Job Retention Scheme and the Self-Employment…