How to avoid Lifetime ISA withdrawal penalties from HMRC
Lifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per cent Government bonus on contributions.
Darren Specterman Blog |
Lifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per cent Government bonus on contributions.
PAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees.
Sustainability has become a core part of how businesses are expected to operate, whether we like it or not. You might think that all the talk about environmental, social, and governance (ESG) issues is only relevant to big corporations or public companies, but that’s not quite the case anymore. Even though adopting International Financial Reporting…
As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across the UK.
We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new ways and schemes to trick businesses into parting with their hard-earned profits.
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.
Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.
As a UK business owner, you should always be looking for new ways to streamline your operations and enhance the efficiency of your business. In 2024, that means investing in financial technology, sometimes referred to as ‘fintech’.
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords. If you earn over £50,000 a year, you must adopt MTD-compliant software to maintain digital records and provide Income Tax updates. This will extend to those earning over £30,000 from April 2027. These requirements pose significant challenges…
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses.
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