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Tax New & Tips

No Retained Profits

No retained profits – Can you extract cash to cover your living expenses?

If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in order to use them to meet your personal bills. There are various ways of doing this. However, a popular and tax-efficient strategy is to take a small salary which is …

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write off loan

What are Implications of Written Off Loans?

Despite getting constant aid from the government, many businesses are still struggling to keep up with profits after the pandemic. Corona business interruption loan scheme and bounce back loan scheme are some of the leading examples of the steps taken by the government to help out big and small-scale businesses. Many businesses may not be …

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