Termination Payments & National Insurance: 2024 Guide
Termination Payments and National Insurance: What Employers Must Know in 2024 When ending an employment contract, understanding the link between termination payments and National Insurance is critical. Whether you're handling redundancy, negotiated exits, or furlough...
Tax relief for working from home
Local accountants and tax advisers, Trueman Brown, advise local employees of a tax relief for costs incurred from working from home during the pandemic. During the Covid-19 pandemic, the advice was ‘work from home if you can’. As a result, millions of employees found...
Dividend Extraction Strategy for Owner-Managed Companies UK
Dividend Extraction Strategy for Owner-Managed Companies: A Practical Guide For owner-directors running their own businesses, a dividend extraction strategy for owner-managed companies can offer a highly tax-efficient way to extract profits from your company. In this...
Extract cash from limited company no profits | 2025 Guide
How to extract cash from limited company no profits When your limited company has no retained profits but you still need to access funds, you face a major challenge. In this guide we'll walk you through options for how to extract cash from limited company no profits,...
Property Developers and CIS: 2025 Compliance Guide | Trueman Brown
Property Developers and CIS: What Every Developer Needs to Know If you’re operating in real-estate development, then understanding property developers and CIS is absolutely crucial. Whether you’re refurbishing one unit or building multiple properties for sale, the...
Tax allowances frozen until April 2026
Local accountants and tax advisers, Trueman Brown, advise taxpayers that many allowances will be frozen until April 2016. The financial impact of the Covid-19 pandemic is unprecedented and borrowing levels in 2020/21 of 16.9% of GDP represent the highest level of...
Gift aid – Beware if your income falls
Local accountants and tax advisers, Trueman Brown, warn taxpayers donating to charities, using Gift Aid, of the tax implications of their income below their personal allowance. Where a Gift Aid declaration is made, the recipient charity or community amateur sports...
Local Accountants Blog – Tenant in common v joint tenants
Local accountants and tax advisers, Trueman Brown, look at the tax implication of buying a property jointly as either Joint tenants or tenants in common. Under English law, there are two ways in which property can be owned jointly – as tenants in common or as joint...
Local Accountants Blog – Family Investment Company
Local accountants and tax advisers, Trueman Brown, are advising local businesses to look at Family Investment Companies which may offer a tax efficient way to retain control over assets and pass them on to the next generation. Family Investment Companies (FIC) offer a...
Local Accountants Blog – National Insurance 2021/22 update
Local accountants and tax advisers, Trueman Brown, warn employers of the changes made to National Insurance for 2020/21. The 2020/21 tax year starts on 6 April 2021. From that date, new thresholds apply for National Insurance purposes Employees and Employers Employees...