Blog

Business Asif Patel Business Asif Patel

Extracting profits in 2024/25

If you operate your business through a personal or family company, you will need to extract your profits to use them personally. Read this article to find out how to do this in a tax-efficient manner.

Read More
VAT, Business Asif Patel VAT, Business Asif Patel

Do we need to register for VAT?

If you make taxable supplies for VAT, you will need to register for VAT if your taxable supplies exceed or will exceed the VAT registration threshold. Read this article to find out when you must register and how to register.

Read More
Business Asif Patel Business Asif Patel

Register to payroll benefits in kind

Instead of reporting taxable benefits to HMRC on form P11D after the end of the tax year, employers can opt to deal with those benefits through the payroll (‘payrolling’). Read this article to find out how to register to payroll benefits in kind in 2024/25.

Read More