August 2019 - Appleleaf Accountancy

using a SIPP to save for retirement

A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP provider. It is attractive to those who wish to manage their own investments. Contribution to a SIPP may be made by both the individual and, where appropriate, by the individual’s employer. investments The [...]

optimising tax-free benefits in family companies

Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without triggering a tax charge. The essential point to note is that to make the tax saving, the benefit itself, rather than the funds with which to buy the benefit, must be [...]

dividend complexities

The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to have a significant impact on employees and directors of small businesses who receive both salary and dividend payments. Many family-owned companies allocate [...]

psst…here’s how to check your accountant is doing all they can for you and your business

Whenever we take on a new client, we always look to learn as much about you and your business as possible. It’s for two reasons. First, we think it’s good to know what matters to our clients. We see ourselves as more than just a hired hand. We want you to see [...]