directors

This tag is associated with 5 posts

Get Yourself A Tax-Free Gift

Did you know that as a limited company director, you could get yourself and your employees (if you have any) gifts several times a year and have the cost treated as tax-free? The caveats (yes, there are always some) are that they can’t be: cash or cash vouchers contractual entitlements rewards for performance/effort £50 or … Continue reading

Should Directors File Tax Returns?

It is mandatory for a company director to file a tax return with HMRC, if a return has been issued. It is also mandatory for a director (or anybody for that matter) to notify HMRC if they have a liability to tax for a particular year of assessment, by 5 October following the end of … Continue reading

How much money can you take out of your company without paying income tax?

Let’s start with the 2015/2016 annual personal allowance (ie the maximum amount of money that can be earned this tax year without paying any tax). The limit this tax year is £10600 and it covers all types of income. It is just one allowance per year per individual. This means a maximum tax-free salary of … Continue reading

Follow PHOENIX DEBOLA on WordPress.com

Enter your email address to receive notifications of new posts by email.

Join 803 other followers

0044 780 370 4496
0044 207 059 2442

Phoenix Debola is licensed and regulated by AAT to provide services in accordance with licence number 1000701 details of which are displayed at the address shown. AAT is recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Phoenix Debola Cloud Accountancy Practice is supervised by AAT in this respect.