All posts by David Crossley

Taking salary and dividends

Taking salary and dividends before the end of this financial year

As the end of the current financial tax year is fast approaching, it’s a good idea to think about whether you have fully maximised the amount you can withdraw from the company, tax-free and at the basic rate of dividend tax.

Budget 2020 predictions

On Wednesday the 11th March 2020, the newly appointed chancellor Rishi Sunak will deliver his first budget to the country, the first in over eighteen months. We detail what we expect to change below, though […]

IR35 Tax Investigation by HMRC

Double IR35 Blow: HMRC Loses To TV Presenter Helen Fospero and IT Contractor Richard Alcock

English TV presenter and journalist Helen Fospero, has become the ninth broadcaster to claim victory over HMRC at the first tier tribunal.

Christa Ackroyd Media Limited v The Commissioners for Her Majesty’s Revenue and Customs – Round 2 – An example of how NOT to operate outside of IR35

One year and seven months after we considered ‘Why was Ms Christa Ackroyd deemed inside of IR35?’ by the First Tier Tribunal, we now look at the decision of the Upper Tribunal, on appeal by […]

How to Maximise Your Tax Efficiency – 15 Top Tax Tips for 2019/20

How to Maximise Your Limited Company Tax Efficiency – 15 Tax Tips for 2019/20

Operating through a limited company structure is usually the best way, for a self-employed individual, contractor or entrepreneur to legitimately and compliantly maximise your tax efficiency. This is because you can take remuneration through an efficient mix of salary and dividends and claim a wide range of legitimate business expenses.

Here are some top tips that could help you save tax either through your company or personally through your self-assessment

IR35 Consultation Results and off-payroll

IR35 Watch – Results of the Government’s formal consultation on proposed changes to off-payroll in the private sector and industry responses.

A month on from the end of the Government’s formal consultation on proposed changes to off-payroll in the private sector, and its time to consider the proposed changes, how these will affect you as a […]

Payment on account reminder

Personal Tax Bill and Payment on Account – Now Due!

If your personal tax bill for the year ended 5th April 2019 exceeded £1,000, you will likely be required to make a payment on account of the year ended 5th April 2020. This would have been made up of half your tax bill upfront in January 2020, and another half in July 2020. This means that by the 31st July 2020, you should be paid HMRC the equivalent tax for the year ended 5th April 2020, as you did for the year ended 5th April 2019.

10 ways HMRC can tell if you are cheating the tax system

In today’s modern digital age, it is increasingly hard to avoid the many methods HMRC uses for catching tax cheats and those looking to bend the rules. HMRC has come a long way in recent […]