Focal Business Group have partnered with Swoop Funding to help clients find funding solutions simply, quickly, and securely. Swoop – Funding for ambitious UK businesses. swoopfunding.com We have partnered with Swoop to ensure we are able to best help you…
Mileage allowances – What can you pay tax-free? Employees often need to undertake business trips and it is common practice to reimburse the employee’s fuel costs by means of a mileage allowance. The tax rules allow mileage payments to be…
Pension changes In his March Budget, the Chancellor announced a number of changes to the pension tax rules, including an increase in the annual allowance and the abolition of the lifetime allowance. Annual allowance The annual allowance places a cap…
Download our helpful Tax Rate Card for 2023 Our Tax Rate Card outlines the business and individual tax rates for the coming tax year of 2023 All the essential tax facts, rates and figures are provided in one handy PDF…
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient, recent tax changes have eroded some of the advantages. What do you need to know…
Many businesses view entertaining clients and customers to be an important part of their marketing budgets, whether as a networking opportunity, a thank you for business or an incentive to attract more business – but what are the tax rules?…
Property is generally a good investment, and where an investment property or second home has been held for many years, it may be worth considerably more than you paid for it. It may be tempting to sell the property to…
Chancellor Jeremy Hunt has today delivered his spring budget. His relatively uneventful announcement aims to trim inflation whilst boosting productivity and growth. Here are our highlights. Inflation The OBR (Office for Budget Responsibility) expects inflation, currently at 10.7%, to fall…
The rate of tax payable by a close company on outstanding directors’ loans depends on the date on which the loan was made. Read this article to find out the order in which loans should be cleared. Directors’ loans can…
Not only is corporation tax changing, associated company rules are being reintroduced as well. As of 1 April 2023, companies with taxable profits of more than £250,000 will pay corporation tax at the main rate of 25%. Companies with taxable…
