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If you take a loan from your company and it is not repaid within nine months of the company’s financial year end, the company currently faces a corporation tax charge of 33.75% on the outstanding balance. From 6 April 2026, this rate is increasing by 2% in line with the increase to dividend tax rates. […]
Director’s Loan Tax Is Increasing From 6 April 2026 Read More »
The Government has announced an increase to the Approved Mileage Allowance Payment (AMAP) rates for employees/Directors using their own vehicles for business travel. Backdated to April 2026, the tax-free mileage rate for cars and vans will increase from 45p to 55p per mile for the first 10,000 business miles travelled in a tax year. The
The Government has confirmed that it intends to proceed with the proposed Companies House accounts filing reforms from April 2028. Under the original proposals, small companies and micro entities would have been required to file a profit and loss account with Companies House, bringing them more in line with larger companies. This would have meant
What are the forthcoming changes to Companies House Filings? Read More »
There may be times when raising funds through your company isn’t straightforward—especially with tighter lending conditions or delays in accessing business finance. In these situations, some directors or shareholders choose to borrow personally and then introduce those funds into the company, either by lending the money to it or subscribing for shares. While personal borrowing
Using Personal Funds for Your Business? Here’s How to Qualify for Interest Tax Relief. Read More »
Running a business as a sole director may seem straightforward, but it carries significant risks that can create operational and legal challenges. Recent developments, including legal cases, highlight why relying solely on one director could jeopardise the continuity and decision-making capability of your company. Here’s what you need to know: If Something Happens to the
The Risks of Having a Sole Director for Your Company Read More »
The UK’s changing Capital Gains Tax regime has had a profound effect on business owners over the years, influencing their decisions on investing, holding, or selling assets. Since it was first introduced by a Labour Government in the 1970s, there have been a total of ten changes to Capital Gains Tax rates and reliefs which
Did the Chancellor make you rethink your future? Read More »
For many business owners, the day will come when they need to consider selling their business. Whether it’s to retire, pursue new ventures, or pass the reins to someone else, selling a business can be a complex and challenging process. What many owners don’t realise is that up to 95% of businesses fail to sell.
The Importance of Exit Planning: Why Every Business Owner Should Prepare Early Read More »
The Corporate Finance Network (CFN) is the largest UK network of accountants who specialise in corporate finance for SME’s. The aim of The CFN is to assist their member firms, such as ourselves, to be able to advise owner-managed businesses to grow a well-capitalised business, and encourage business owners to plan for their eventual exit.
Exit Strategy: Adopting a Proper Plan for Selling your Business Read More »