Cheap Accounting

AUGUST 31, 2023

In the past the attraction of a limited company had been enhanced due to lower taxes on the profits extracted from the business. With the introduction of the Dividend Tax and the increases in Corporation Tax, this advantage has been eroded for many unless you have larger profits (at least over £30,000).

Start-ups 75

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Menzies

AUGUST 1, 2023

One of the main benefits of a company when compared to a sole trader business is that there is flexibility in when and how you extract profits, giving you the control to ensure you are optimising your overall tax position. Dividends are not deductible for corporation tax purposes, but they do not attract NICs charges.

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Menzies

MARCH 14, 2023

Corporation Tax FROM APRIL 2023: HEADLINE RATE OF CORPORATION TAX INCREASING FROM 19% TO 25% This will affect companies with profits of £250,000 and over. This is another example of post-Brexit promises to create a tax system that will enhance UK competitiveness coming to nothing.

Government 52

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Withum

APRIL 5, 2023

The magical application of Section 1202 for C corporation shareholders seems too good to be true, with millions of tax dollars being saved. The C corporation shareholder can benefit not only from a reduced 21% corporate income tax rate, but the 1202 exclusion on the sale of their stock as well.

income tax 69

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Menzies

JANUARY 29, 2024

Tax saving increases by up to £2.80 Tax repayment credit drops by £14.75 per £100 Rate retained to support highly innovative and start-up companies that could drive economic growth. Tax repayment credit drops by £6.38 per £100 of spending to £46.50. of enhanced amount = £33.35 of enhanced amount = £26.97

Tax 59

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ThomsonReuters

JANUARY 9, 2024

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? How are C corporations taxed? The post How are C corporations taxed?

corporation tax 52

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Menzies

JANUARY 20, 2023

Business Tax Tax returns and iXBRL tagging Completion of corporate tax returns and electronic tagging is a necessary but administrative burden and ensuring that the correct amount of tax is paid and that available tax reliefs are maximised can be a complex process.

Finance 52

Finance Tax tax return accounting and finance 52