News Archive for: Legal Advice

Up-to-date tax news and articles that explore your tax efficiency.

Moving house? Change of address process and our Registered Office service

When you move home there is so much to think about, one of the last things on your mind might be ensuring that HMRC and Companies House have the correct address for your business. We like to help as much as possible at a stressful time like this and if you simply update us with your new address we will update Companies House and HMRC for you and we don’t charge anything for the service. If like many people you are currently renting and therefore find yourself moving around once or twice a year...

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Director’s loans – what you might not know

In April 2014 the rules with regards to director’s loan accounts changed. Previously each director could have an outstanding loan which if it didn’t reach or surpass £5,000 during the tax year then no benefit in kind tax would be charged. If the loan did surpass £5,000 then the director would be seen as enjoying a cheap loan and would have to pay a benefit in kind tax to HMRC. The changes in April have doubled this threshold to £10,000. However there is a complication. Many directors believe...

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