Insight

Prepare your business this Christmas: manage cash flow, tax deadlines, staffing, client engagement, and plan for 2024 changes

Discover how Trivial Benefits can help you reward employees with tax-free perks like small gifts, team lunches, or store gift cards, while staying within HMRC rules. Learn how to utilise these benefits effectively, including the £300 limit for directors and their families, to boost morale and foster a positive workplace

Lending personal funds to your company as a director can be a tax-efficient way to boost cash flow, especially when charging interest. This guide explores the benefits of charging interest, including personal income generation, corporation tax relief, and the Personal Savings Allowance. It also covers the administrative requirement of the CT61 form, which reports interest payments and gives the director a tax credit for the 20% tax withheld by the company. Proper planning and compliance can make this strategy both effective and advantageous.

Understanding VAT Disbursement Rules - clarity around costs and disbursements is essential for businesses to ensure compliance and proper accounting practices. At Pomroy Associates, we aim to provide you with a clear understanding of VAT disbursement rules, aiding you in navigating these regulations effectively.

In today’s world, engaging a qualified accountant and tax adviser is a wise choice for both businesses and individuals. While the accountancy industry does not legally require qualifications, the value of working with a qualified professional is undeniable. Here’s why relying on a qualified accountant can make all the difference.