During September the Conservative Government announced an increase of National Insurance contributions from next tax year (2022/2023) onwards, with the aim of raising circa £12bn of additional tax revenue. The funds will be used for the NHS to cover at least some of the expenditure from the pandemic and for health and social care, which… continue

If you are an owner director and have an overdrawn director’s loan account, then watch our 2-minute primer to help you understand the tax implications and how to deal with them. It is entirely reasonable for business owners to assume that any money in their company’s bank account is theirs. However, there are significant tax… continue

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