Category Archives: Popular Articles

A category for our most popular articles

Company tax avoidance, including pensions, ebt’s, e-furbs and approved share schemes

The government has over the recent years reduced the amount of contributions that high earners can pay into their pension schemes. Currently there is a cap of £ 50,000 for pension contributions (unless past years missed contributions are rolled forward). …

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Tax avoidance in the sun?

Over the years HMRC have targeted their efforts on particular trades and professions in an attempt to counter tax evasion. More recently however they have begun to target the wealthy. Following a very successful campaign on offshore banking, HMRC are now planning to counter tax evasion and under-declaration arising from the ownership of overseas property.

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Salary, Bonus or Dividends – Which is the best to pay yourself?

Tax rates change regularly, so it is wise to regularly check whether it will be cheaper for your company to pay a dividend rather than a salary. Recent changes mean that: The personal tax allowance has increased to £8,105 as have the lower limits for National Insurance bands. To preserve entitlement to state benefits pay a salary between £107 and £144 per week, this also avoids Employers NICs.

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85% of taxpayers take no action to reduce Inheritance Tax!

Despite Inheritance Tax being one of the easiest taxes to avoid, very few people take active steps to reduce this tax. This lack of means that HMRC often will take a larger shares of the estate than the beneficiaries! However …

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Electing for fixed protection

Given the reduction in the Lifetime Allowance, those with pension funds which are likely to exceed £1.5m at retirement should consider whether to apply for fixed protection so that the old limit of £1.8m continues to apply. As always, there …

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Top civil servants in tax avoidance scam

www.freefoto.com It was revealed on BBC Newsnight last night that Ed Lester chief executive of the Student Loans Company has been receiving his civil service salary via a service company in order to avoid PAYE. We do not believe that …

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Your Single Most Important Business Decision ?

freefoto.com For business owners the most important decision when marketing their products or services is price. Two companies A & B compared Two identical companies selling the same product or service. One company prospered the other failed and became insolvent. …

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Establishing a Charitable Trust

freefoto.com There are numerous reasons for setting up a charitable trust. Many people want to ensure that their assets are used to fund charitable ventures, and they establish a trust to ensure that those assets will be disbursed in a …

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In those you trust? – Wealth Creation or Wealth Reduction?

freefoto.com Many people at one time or another find themselves in a situation where they want to provide financial assistance to family or friends. This assistance may be temporary are permanent, such as a gift. A common reason these days …

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Tax Avoidance & Financial Planning – Enterprise Investment Schemes

The tax reliefs available under the EIS are not considered to be avoidance of tax. Therefore they need to be carefully considered if you wish to relieve capital gains tax or income tax. Enterprise Investment Schemes (EIS), are tax efficient …

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