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2025-06-26
Introducing Your Spouse or Civil Partner Into Your Business: Employee or Partner?
By Solaratax Ltd | enquiries@solaratax.co.uk Overview When running a small or family business, it’s not uncommon to consider involving your spouse or civil partner in the operations—either by employing them or introducing them as a business partner. While the instinct might be to pay them a salary for basic tasks, there could be greater […]
2025-06-26
Winding Up Companies: New Anti-Avoidance Rules You Need to Know
Could Liquidation Lead to Unexpected Tax Charges? By Solaratax📧 enquiries@solaratax.co.uk With the introduction of new anti-avoidance measures from April 2016, many company directors and business owners have questioned whether winding up a company remains the tax-efficient route it once was. There has been a notable buzz—particularly among insolvency practitioners—about perceived changes to Entrepreneurs’ Relief […]
2025-06-26
Purchase of Own Shares: The Tax Pitfalls You Must Avoid
By Solaratax | enquiries@solaratax.co.uk A Company Purchase of Own Shares (CPOS) can be an appealing and tax-efficient method for a shareholder to exit a business—particularly on retirement or succession planning. However, if executed incorrectly, what seems like a straightforward transaction can lead to unintended and costly tax consequences. This article explores a recent case […]
2025-06-26
Director Bonuses: Maximising Corporation Tax Relief and Staying Compliant
By Solaratax Bonuses for directors are a common feature in owner-managed businesses. When structured and documented correctly, they can secure valuable corporation tax deductions. However, poor timing or incomplete records can result in HMRC denying relief, creating cashflow and compliance issues. This article sets out the key considerations, tax rules, and planning tips for […]
2025-06-20
How Directors Can Borrow from Their Company Tax-Efficiently
Introduction For directors of owner-managed or family-run businesses, accessing cash flow can often be achieved through a director’s loan from the company. When done correctly, this method can provide personal liquidity at minimal cost—often far cheaper than traditional lending. While there are tax rules to navigate, careful planning can result in significant savings. What is […]
2025-06-17
Why UK Businesses Must Go Digital with Their Accounting (and How It’s Already Changing Everything)
Over the past five years, UK businesses have experienced a dramatic shift in how they operate and manage finances. From economic turbulence to the overnight switch to remote work during COVID-19, agility has become essential. One clear trend has emerged: digital accounting is no longer optional — it’s a necessity. The Evolution of Accounting in a […]
2025-06-17
What You Need for Your 2024/25 Self-Assessment Tax Return – Income Checklist & Deadlines
Need help with your Self Assessment Tax Return 2024/25? Use our UK tax checklist and get expert personal tax support, deadline reminders, and HMRC filing assistance from a trusted tax advisors. The UK tax year runs from 6 April 2024 to 5 April 2025. To file your Self-Assessment tax return correctly and on time, we […]
2025-04-15
April 2025 IR35 Update: A Game-Changer for Contractors
🗓️ IR35 April 2025 Update: Contractors Back in Control From 6th April 2025, changes to IR35 legislation will put power back into the hands of self-employed contractors and freelancers. One major change is that 13,500 medium-sized businesses will now be reclassified as small businesses, which reshapes how the off-payroll working rules apply in the UK. […]