Associated companies and impending corporation tax rate changes – what are the tax implications?
Associated companies and impending corporation tax rate changes – what are the tax implications? Most directors know that as of 1 April 2023, companies with taxable profits in excess of £250,000 will pay corporation tax at the main rate of 25%. Companies with taxable...
Pension payments – What tax relief is available?
Pension payments – What tax relief is available? To encourage pension savings, tax relief is available on contributions made to registered pension schemes. However, there are limits on the contributions that can qualify for relief, and punishing tax charges can apply...