At Source Accounting, we regularly update our blog with expert advice and industry insights.
Take a look at the most recent blogs here.
In this blog we detail the differences between a temporary and permanent workplace.Read More
Benefits & P11Ds
A benefit (also known as a benefit in kind) is a “perk” that has been received by an employee or director from their company which should have had tax paid on it through your monthly payslips.Read More
Director Loan Accounts
A Director Loan Account (DLA) (or director current account) is the name used to cover money a director of a limited company takes out of the business for any other reason than as a salary, dividend or repayment or money that they have put in. This guide explains how it works and the common pitfalls.Read More
17-18 Tax Planning
This article outlines the most tax efficient salary and dividend structure for the 2017/18 tax year (6th April 2017 to 5th April 2018) if you work through a UK limited company. This is essential tax planning knowledge and worth a read!Read More
It Is Okay To Pay Your Spouse, Right?
Splitting remuneration to family members can sometimes be an effective tax saving device. However, any income splitting needs to be done properly otherwise there could be potential HMRC issues around the corner for contractors who haven’t set things up properly.Read More
Encouraging Investment & Increasing your Take Home: Seed Enterprise Investment Schemes
To stimulate and support entrepreneurship, HMRC is tasked with offering tax incentive schemes for UK taxpayers who invest in qualifying startup and small, early-stage companies which have permanent establishments in the UK.Read More