East Grinstead

Directors Loan

Directors Loan

August 11, 2023

A Directors Loan Account Your company may pay personal expenses on your behalf for which you later reimburse the company, or it might otherwise lend you money.  This means you have a variable outstanding debt owing to the company, which is known as a directors loan account. Where that debt exceeds £10,000 at any point

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dividend tax 2023/2024

Prepare for higher dividend tax 2023/24

February 5, 2023

The tax you pay on dividends increased by 1.25 percentage points from 6 April 2022; these higher rates will remain in place for 2023/24. The dividend allowance in 2023/2024 will be cut from £2,000 to £1,000 on 6 April 2023 and cut again to £500 in April 2024. This is due to the higher dividend

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Rise Increase Rates

Rise in Interest Rates for the first time in 10 years

November 10, 2017

Rise in Interest Rates Last Week for the first time in more than 10 years, the Bank of England has raised interest rates.   The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007 and according to Mark Carney, the Bank of England Governor, it is likely to

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Register for VAT

When must a business register for VAT

October 17, 2017

  When must a business register for VAT A business should register for VAT if their ‘Taxable Supplies’ over the past 12 months have exceeded the VAT registration threshold. From April 2017, the VAT registration threshold has been £85,000. Therefore, if at the end of any month, the total value of all the taxable supplies

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