Category Archives: Accountant

LIQUIDATING A COMPANY – IS IT A CAPITAL GAIN?

One of the anti-avoidance measures being introduced by the latest Finance Bill potentially changes the way that certain payments to shareholders will be taxed. This may result in payments following some company liquidations being taxed as dividends instead of capital gain. The Government is concerned that the new higher rates of income tax that have applied to dividends since 6 April 2016 may tempt some shareholder / directors to extract value built up within their companies in a capital form, rather than paying out the retained profits as dividends. This is because capital gains are generally taxed at a lower rate than income, possibly as low as 10% where entrepreneur’s relief is available. For example, a higher rate taxpaying shareholder receiving £100,000 on the liquidation of his company would pay £32,500 (32.5%) if the anti-avoidance applies, whereas...

Is your ‘To Do’ list harming the growth of your business?

Is your 'To Do' list harming the growth of your business? The common complaint we hear is people don’t have enough time to get all their work done. The question is, do you really need to be doing all that’s on your ridiculously long to do list? We will help you dig that little deeper into what tasks are actually taking up so much of your time and how to free that time up, so you can focus on things that will actually add value to your business and help to grow it. Don’t spend too much time on things that aren’t productive Bookkeeping, payroll services, checking & responding to emails, administrative tasks,  social media marketing, customer service and computer support. These are a few of many tasks that so many of us find ourselves doing on...
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