How different types of pension contributions impact your tax bill
Understand the tax reliefs and savings available for dentists, whether you're a sole trader or operate through a company. …
Basis period reform
The basis period is the period of accounts on which your tax is calculated in any tax year. …
The Administrative Requirements of Dividends
What are dividends and what do I need to do to take dividends from my company? …
The purpose of a Personal Budget Review
When trading through a company you can control how much of the profit you draw personally, and can therefore have visibility over your future personal tax liabilities. …
Trivial benefits – and how they can work for you and your employees
You can make multiple gifts to employees in a tax year provided these conditions are met each time. …
Corporation tax rates have changed
It is a significant change and there are steps that can be taken to mitigate the impact on your company if action is taken at the right time. …
Director’s loans explained
Wherever possible it is best to use the company bank account to meet company expenses rather than complicating things by paying personally. …
Dental Expenses & Tax Deductions: Your Complete Guide
Dentists can claim as allowable deductions from their profit for all costs associated with the dental practice business. …
You’ve bought your company electric car – now what?
You’ve done the sums and gone ahead and bought or leased an electric car through your company, but what does this mean in terms of the ongoing costs? …
Are you aware of the financial issues related to refurbishments?
Taxation allowances on capital expenditure can be a complex area …
Completing your annual Xero Ask checklist
There are so many reasons why you should be using Xero Ask! …
Becoming a director – the responsibilities of incorporation
When you incorporate, you cease to be a sole trader or a partner and instead become a director and shareholder of your shiny new company …
How to purchase a car through your business
Have you considered the tax implications of buying a new car? …
Pension contributions through your company may be better
Is a personal pension scheme or a company-operated pension scheme best for you? …
Allowable expenses for rental income – the basics
Common examples of allowable revenue expenses …
