VAT registration – better sooner or later?

Once a business is up and running, the next major administrative area to be considered relates to VAT. At first glance, the VAT legislation can be complicated and time-consuming – particularly for small businesses.

Save tax with timing of dividends

Timing the date of a dividend payment from a company can determine both the amount and the due date of the tax payable. This may be a particularly useful strategy in a close or family-owned company.

Closing a business

A member’s voluntary liquidation (MVL) can be an attractive option when the taxpayer’s personal circumstances are such that it is beneficial for the remaining funds to be taxed as capital (and liable to capital gains tax), rather than as a dividend. However this depends upon the level of funds to be extracted the costs of the liquidation may be more than covered by the tax savings that can be achieved.

How to apply the diesel supplement

Employees with a company car are taxed – often quite heavily – for the privilege. The charge is on the benefit which the employee derives from being able to use their company car for private journeys. The rates are different if it’s a diesel car.

Annual tax on enveloped dwellings

The annual tax on enveloped dwellings (ATED) is a tax that applies, in the main, to companies owning residential property which is valued at more than £500,000.

Accountants and R&D tax relief

Bedrock is fast becoming a “go to” hub for accountants looking for support in delivering R&D tax relief services. We take a different approach to working with accountants to ensure all potentials to claim are explored and a robust claims preparation service is delivered.