http://tips.hrbs.biz Tips and hints for new and growing businesses from HRBS ~ fixed fee pro-active accountants and business advisors Sun, 27 Jun 2010 09:58:36 +0000 en hourly 1 http://wordpress.org/?v=3.0 http://tips.hrbs.biz/running-your-business/tax-deductible-expenses/ http://tips.hrbs.biz/running-your-business/tax-deductible-expenses/#comments Wed, 30 Apr 2008 23:00:44 +0000 Keith http://tips.hrbs.biz/index.php/general/tax-deductible-expenses/ Cashback or Reward cards are ideal, especially if you pay them off in full.]]> http://tips.hrbs.biz/running-your-business/tax-deductible-expenses/feed/ 0 http://tips.hrbs.biz/limited-company/p11d-dispensation/ http://tips.hrbs.biz/limited-company/p11d-dispensation/#comments Fri, 31 Aug 2007 23:00:29 +0000 Keith http://tips.hrbs.biz/index.php/limited-company/p11d-dispensation/ http://tips.hrbs.biz/limited-company/p11d-dispensation/feed/ 0 http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/ http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/#comments Wed, 04 Jul 2007 23:00:45 +0000 Keith http://tips.hrbs.biz/index.php/2007/07/05/a-quick-guide-for-your-new-limited-company/ Getting at your profits Profit extraction can be a mix of wage (ie under PAYE) and dividend. In order to pay a dividend the company must have sufficient after tax profits. ie for a £10k dividend to be paid the company must have approx £12.7k pre tax profits (corp tax rate of 21%). Do not be tempted to withdraw more than this as dividend, as it would be "illegal" and HMRC may class it as a salary or a loan to the director (taxable benefit in kind if over £5k) and charge tax & NIC. ]]> http://tips.hrbs.biz/limited-company/a-quick-guide-for-your-new-limited-company/feed/ 0