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Despite dividend tax rates being charged at 33.75% (higher rate taxpayers) or 39.35% (additional rate taxpayers), generally dividends remain the most tax-efficient method of taking profits from a company. On incorporation it is usual for all shares issued to be…

The Chancellor, Jeremy Hunt, has announced that he will present the Autumn Statement 2023 to Parliament on 22 November. The Office for Budget Responsibility (OBR) have been commissioned to prepare an economic and fiscal forecast to be presented to Parliament alongside his…

If you need to file a Self Assessment tax return for 2022/23, you have until midnight on 31 January 2024 in which to do this, as long as you file online. However, HMRC have been encouraging taxpayers to file their…

Focal Business Group is partnered with the award-winning bank, Starling, to support clients with their business banking requirements.  When business owners told Starling what they wanted from a bank account, they listened. Helpful features, no monthly fees, a super-fast setup…

If you let out a property, you can deduct the business expenses that you incur when working out your taxable rental profit. The rules governing the expenses that you can deduct depend on whether you prepare accounts using the cash…

Business rates are charged on non-domestic properties like shops, offices, warehouses, factories and holiday rentals or guest houses. However, if your property’s rateable value is less than £15,000 and your business only uses one property, you may be entitled to…

Whether your business idea needs some start-up capital to get off the ground; you need a new piece of equipment or want to move premises; or you need some money in the bank to make sure you can cover all…

Find out how to take advantage of the tax exemption for employer-provided mobile phones. The tax system contains a number of exemptions, some of which are more useful than others. One of the more valuable exemptions is that for mobile…

Focal Business Group have partnered with Capital on Tap to help clients access a business credit card simply, quickly, and securely. Capital on Tap – The credit card built for businesses   It’s Capital on Tap’s mission to make…

If you are running your business from home it is important to be aware of the implications of the lower CGT annual exempt amount if you are considering selling the property. The main residence exemption applies for capital gains tax…