How much tax do you pay on dividends This article explains how much tax you will pay on your dividends for the 2018/19 tax year. It has been written from the perspective of a UK limited company owner who extracts dividends from their own company. This is often done with a combination of a low tax… Read More

Payments on account due by 31 July 2018 The second payment on account for the 2017-18 tax year is due to be paid to HMRC by 31 July 2018 – the first payment on account was due by 31 January 2018. Your payments on account are advance payments made towards your personal tax for each… Read More

Can you get maternity pay if you are self employed? You may think that, as a self employed person, you won’t get any financial help when you’re pregnant and spending time at home looking after your new baby. However, there is a social security benefit called Maternity Allowance that you may be entitled to. It’s not… Read More

Corporation tax losses 2018 You’ve been trading happily for a few years, making a decent profit and life seems good. Then you lose your best customer, or a competitor enters the market with a cheaper product and, horror of horrors, you find that you’ve made a loss for the year. Hopefully this will be only… Read More

Self Employed Tax Return Case Study 2018-19 For this blog post we are running through a tax return calculation example of a self employed sole trader for the 2018-19 tax year (6th April 2018 to 5th April 2019). Key information for our example: The tax payer is a freelance web designer trading as a self… Read More