self-assessment

This category contains 8 posts

I’M THE BOSS – WHAT SHOULD I PAY MYSELF?

[Putting this out late in the tax year (we are in August!) because so many new businesses are being started post COVID-19 lockdown.] Most tax efficient salary for directors in 2020/21 is £8,788 per annum. This equates to £732 per month or £169 per week. You may top up with dividends. HOW IS THE TAX … Continue reading

Covid-19 Government Aid Rundown

This is a summary of the support relevant to most of my clients: 1. Coronavirus Business Interruption Loan Scheme (CBILS) Announced on Wednesday, 11 March 2020, this will be administered by lenders that partner with the British Business Bank. The scheme is expected to become available in the week commencing 23 March 2020. The scheme … Continue reading

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