Accounting
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New ESC C16 legislation affects company closures07/02/2012
Extra Statutory Concession C16 has been available to businesses as a method for companies voluntarily closing to treat distributions of assets to shareholders as capital, rather than income, for personal tax purposes. It has provided company owners with a cheap alternative to using a formal winding
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Seasons greetings from the tax man30/11/2011
Even the tax man isn't a complete Scrooge and has been infected with the Christmas bug! He has been kind enough to allow businesses to throw an annual party, free of tax up to £150.00 per head for their employees. The cost of your party is also a tax deductable expense so you will even save a
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Self-assessment Deadline - 31 January 201217/11/2011
If you were a director of a limited company in the 2010/11 tax year (6th April 2010 - 5th April 2011), you need to complete and file a Self-assessment tax return (SA100) by the 31 January 2012. This return is a disclosure of the salary and dividend income you have received from your limited company
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