With finance being more expensive, if you have personal savings, consider loaning your own money to your company, instead of borrowing.Set up a loan agreement with your company and then the company can pay a commercial risk rate of interest of ‘say’ 8% to you. The company will receive corporation tax relief on this paid […]
Monthly Archives: June 2025
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Jun
Tax update: Summer 2025 Mandatory payrolling of benefits delayed HMRC has confirmed that the mandatory payrolling of benefits in kind (BIKs) will be delayed to April 2027, giving businesses more time to get to grips with the process. Previously planned for April 2026, the change will require businesses to report and process income tax and […]