Paying private bills through the company

Before we examine this issue from a tax perspective we need to emphasise the difference between limited companies and sole trader and partnership businesses in the way that they distribute taxed profits to the business owners. Sole traders and partnerships are taxed...

IHT Business Property Relief

Hidden away in the inheritance tax (IHT) regulations is a relief that can have a significant impact on the amount of IHT payable by estates which include business property. What is business property? It includes: A business or interest in an unincorporated business,...

Business rates – new rateable values

Every business with property should during October 2009 have received their new business rates valuation. This valuation will form the basis of business rates for the next five years. It is very important to check the detail of the new valuation to make sure that the...