I saw a client recently who considered setting up a limited company for his business and wished to know the best way forward of taking out money from the business whilst minimising the tax being paid by his company and himself. I suggested a system of utilising director’s remuneration and dividends to do this. This […]
Are You Aware of The Best Way of Taking Income Out of a Limited Company? Read More »
On the Monday 1 September 2014 a new theatre tax relief was launched which is estimated to benefit around 250 production companies. This means that plays, musicals, opera, ballet, dance and circus productions could receive support from the government. Chancellor of the Exchequer, George Osborne, said: The UK’s theatres make a valuable contribution to our
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To be entitled to tax credits you must be in ‘qualifying remunerative work’. There is no restriction on claiming Working Tax Credits if you are self-employed. This could be a valuable source of additional income to those who are un-employed and considering a return to work in a self-employed capacity, and not earning a great
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Stephen is a professional camera operator and editor with 6 years’ experience in shooting and editing for an array of corporate, production, non-government organisation and news clients. He is passionate about creating awareness or inspiring change through visual storytelling. Stephen has been based in London for 1 year and some of his clients include CNN
I was approached by somebody who was seriously behind with his taxation affairs, and it reached the degree whereby he was unable to paint anymore. He was an established artist. I went through his case with him, and we approached the Inland Revenue. And I negotiated a settlement on his behalf, which was acceptable to
Are You Seriously Behind in Your Tax Affairs? Does this Stifle Your Creativity? Read More »
Many thousands of households across the UK will be affected by changes to the benefits system from April 2013, all part of government plans for the biggest shake-up of the welfare system for decades. Government ministers argued that the changes were necessary to tackle the rising cost to the taxpayer and cut the budget deficit.
Major Changes to the UK benefits System Read More »
https://youtu.be/u7P3InPC5_Y I went to see a contractor recently who was concerned that he was under-pricing his contracts. I explained to him that this was common in the industry and that under-pricing the contracts would inevitably lead to losses being incurred on some contracts. I advised him that he needed to ensure that he had proper
Contractors, Do You Price Your Tenders Correctly? Read More »
There are two types of tax credits – child tax credits and working tax credits, you might be eligible for one or both of them, depending on your circumstances. Child Tax Credits Child Tax Credit is available to people responsible for a child or young person, who have income below a certain amount. The amount
What Exactly Are Tax Credits & Who Can Get Them? Read More »
A client who is a composer explained that he was about to sign a major contract on a piece of work. This would bring in huge amounts of money in the second year but nothing in the first year. I suggested that he form a limited company for his business. This would allow the income
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With competition in all business sectors more fierce than ever, many companies want to present themselves in the best possible light. King & Tuke’s track record of working with all manner of complicated and diverse businesses makes it ideally placed to help anyone stand out in their particular field. In sectors like culture, business, automotive