Read this article to be aware of the difference between an HMRC enquiry and a discovery assessment #discovery #assessment #enquiry

The trivial benefits exemption allows employers to provide low-cost benefits to employees without triggering a tax liability. Read this article to find out the conditions that must be met and the traps to avoid.

Corporation tax was reformed from 1 April 2023. Read this article to find out how your corporation tax liability will be calculated under the new rules.

The dividend allowance is reduced from £2,000 to £1,000 from 6 April 2023 and to £500 from 6 April 2024. Read this article to find out whether an alphabet share structure is still beneficial.

From 2024/25 unincorporated businesses will be taxed on their profits for the tax year. Read this article to find out about the new rules and the transition from the current year basis to the tax year basis. #basisperiodreform

Read this article to find out the tax position of cryptocurrency #cryptocurrency #taxposition

If you run your unincorporated property business from home, you can use simplified expenses to calculate how much to deduct in respect of additional household costs incurred as a result. Read this article to find out more.

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 this article to determine whether it would be beneficial to take further profits from your personal or family company before the 2023/24 tax year comes to an end.

The ability to make tax-relieved pension contributions is limited by both your earnings and your available annual allowances. Read this article to help you assess whether it would be possible to make further tax-relieved contributions before the end of the 2023/24 tax year.

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.

The National Living Wage and the National Minimum Wage are increased from 1 April 2024. Read this article to find out the new rates applying from that date.

Read this article to determine the tax implications should your business buy another firm's customer list. #customerlistimplications

Read this article to find out about tax calculation changes for many self-employed and partnership businesses.

What happens when your salary goes over £100k?

For a number of years now I’ve been operating across a range of businesses. Therefore when I look at the 32 ways I’m looking at it in that context.

For me, money management is not about the money you earn, but the money you keep. That’s why I love tax consultancy so much. It focuses on this mantra.

Taking a small salary and extracting further profits from a personal or family company as dividends is a tax-efficient strategy. Read this article to find out what is the optimal salary for 2023/24.

Read this article to find out what mileage payments can be paid tax-free #approvedmileagepayments #advisoryfuelrates

Read this article to find out about changes to pension tax relief #annualallowance #lifetimeallowance

A question I get asked all the time is: ‘What can I take out of my business?’ and ‘how do I save more tax?’ Well, the quick answer is, ‘there’s up to 32 ways to get value out of your business, tax efficiently.’ Yep, that’s a lot of ways ⬇