Tax implications of termination payments

Local accountants and tax advisers, Trueman Brown, advise struggling employers whether termination payments are non-taxable or not.. The number of businesses closing down is steadily increasing. Many of those businesses will have staff, therefore the legal and tax...

Would an Limited Liability Partnership be better for your business?

Local accountants and tax advisers, Trueman Brown, advise businesses to find out whether an Limited Liability Partnership is suitable for your business . When setting up in business, most people weigh up the pros and cons of operating as an unincorporated business or...

When is a VAT invoice not a VAT invoice?

Local accountants and tax advisers, Trueman Brown, advise businesses to find out what to do if the VAT registration number takes a long time to come. HMRC are currently taking an inordinately long time to issue VAT registration numbers. You used to be able to get a...

Family and personal companies – Optimal salary for 2023/24

Local accountants and tax advisers, Trueman Brown, advise directors  of family and personal companies to take a small salary and extract further profits from a personal or family company as dividends is a tax-efficient strategy. Read this article to find out what is...

Taxation of dividends in 2023/24

Local accountants and tax advisers, Trueman Brown, advise taxpayers to find out how tax changes will affect the tax that you pay on your dividend income in 2023/24 If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract...