Contributions to registered pension schemes benefit from tax relief up to certain limits. There are two methods which employers can use to give effect to the tax relief on employee contributions. However, mistakes are often made, and HMRC admit that this may be due to the names given to the reliefs, which are confusing.
If you have a dormant company you may receive a letter from HMRC asking you to confirm that no tax is due. You may need to do this even if you have already told HMRC that your company is dormant.
Business owners have been through hell in the last few years. From Covid, working from home, lack of supply of materials, inflation and huge interest rate hikes. This is topped off by increasing corporation tax rates and loans no business owner wanted in the first place, but still need to be repaid.
Our "Book a Call" service is designed to help you—the owner—to proactively review and plan your finances.
Do you feel that budgeting is all far too complicated and you are too busy to deal with it? All too often, business owners find themselves saying, "if only I had known," or wondering what they "could have done" differently. If this sounds like you, that is precisely why you need to book a call.
The call will be conducted by a Qualified Accountant, who will have reviewed your affairs beforehand. For the most productive session, you will need to be open and frank in your discussion. The key points will be documented for your future reference.
We want all of our clients to succeed and prosper, which is why we are putting our time and resources aside to help. Help us help you and your business by getting in touch.
This service is exclusively available to our current clients.
If you have a package that includes planning, this is a free service. If you don’t have a package, don’t worry – we are offering this at a simple low price to ensure you get not only value for money but also peace of mind that you have considered all the options and checked everything.
© 2024 Brookwood Accountancy Limited is a company registered in England and Wales Registration Number: 03734519
Registered Office: The Old Post Office, 19 Banbury Road, Kidlington, Oxford OX51AQ
Call us: 01865 842 266