Corporation Tax

Keep your company’s tax rate low

Keep your company’s tax rate low

August 16, 2023

Keep your company’s tax rate low Corporation tax rates have risen since 1 April 2023 There are some exceptions. For example, if you own an investment company. All its profits may be taxable at 25%, irrespective of the level of profits. These profit thresholds are reduced where there are ‘associated companies’ (broadly, companies under common

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capital losses

Realise those capital losses

March 15, 2023

Realise those capital losses If you are planning to sell any property or your business in the near future, be aware that the annual exemption for capital gains tax will be cut from £12,300 to £6,000 on 6 April 2023. That exemption will reduce again on 6 April 2024 to £3,000, so long-term planning is

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How to earn back corporate losses

October 13, 2021

How to earn back corporate losses Did your company have a bad pandemic? Don’t panic, you may be able to turn a loss into a useful tax repayment by carrying it back to set against profits made in earlier years. If the loss is so big that it wipes out the profit made in the

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