Category Archives: Tips

When is Paying a Dividend ‘illegal’?

A dividend may be ‘illegal’, in that it is contrary to Company Law, when the proper procedures are not followed. If the Taxman examines the paperwork and decides the payment from your company was not a legal dividend he may treat … Continue reading

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Radical Pensions Reform – Suggested £140 Per Week For All

One of the major developments in the last quarter was Iain Duncan Smith’s announcements of radical pensions reform. The Secretary of State for Work and Pensions said: “Over the years small changes to the state pension system have turned what … Continue reading

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VAT – Checking the Numbers

Having an invalid VAT number amongst the documentation when the VAT-man investigates you can be a costly problem. However, there are ways to minimise this risk. The two danger areas for invalid VAT numbers are:- – suppliers pretending to be … Continue reading

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