In recent years, many business owners and directors have sought tax-efficient ways to extract profit from their family companies. The most common strategy was to pay a modest salary, often aligning with the £12,570 personal allowance, while taking the remaining income through dividends. The question remains – is this the most advantageous approach for saving […]
In a significant development for the business landscape, the Economic Crime and Corporate Transparency Act 2023 was passed on 26th October 2023. This landmark legislation introduces crucial changes in how small companies and micro-entities report financial information to Companies House. These changes will have a far-reaching impact on businesses, ensuring greater transparency and accountability in […]
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