by Neil O'Brien | Aug 12, 2016 | Our News, Tax
What are the changes to Entrepreneurs’ When you sell an asset, the gain (if above the annual exemption of £11,100 – for 2015/16) the you pay tax on the gain. The rate of tax ranges from 18% to 28% for individuals. However, this rate can be reduced to 10%...
by Neil O'Brien | May 6, 2016 | Accounts, Our News, PAYE & NI, Payroll, Personal Tax, Tax
What is an overdrawn directors loan? Quite simply this is when a director has taken more money from the company than they were entitled to take via salary and/or dividends Why does an overdrawn directors loan account cause a tax issue? The amount could be treated as a...
