KRW Tax Tips

Round-up of pre-tax-year-end tax planning tips and tricks

KRW Tax TipsMarch 29, 2024|In KRW Tax Tips|By Keith WitchellWith the end of the current tax year fast approaching, you might be wondering what actions you can take to minimise your tax bills. OK, so…


Paying interest on directors loans

KRW Tax TipsJuly 22, 2023|In KRW Tax Tips|By Keith Witchell With Corporation Tax rates up from April, there’s even more to be gained from finding tax efficient ways for business owners to draw income…


Tax savings by investing in VCTS

KRW Tax TipsApril 12, 2023|In KRW Tax Tips|By Keith Witchell Venture Capital Trusts (VCTs) invest in emerging businesses and offer similar tax breaks to the investor as EIS and SEIS, but there are…


Optimum salary levels for company owners from April 2022

KRW Tax TipsMarch 7, 2022|In KRW Tax Tips|By Keith WitchellEvery tax year the National Insurance and tax thresholds change, and then last week Rishi Sunak announced an alignment of the NIC and tax…


Relevant life insurance as a tax-free benefit

KRW Tax TipsJanuary 20, 2022|In KRW Tax Tips|By Keith WitchellEmployer funded relevant life insurance can provide a useful tax-free benefit for company owners, with the company able to save…


Zero tax when selling your business with a holding company

KRW Tax TipsJuly 30, 2021|In KRW Tax Tips|By Keith WitchellWith recent changes to Entrepreneurs Relief (now Business Asset Disposal Relief) many fear that the days are numbered for paying 10% tax…


Optimum salary levels for company owners from april 2021

KRW Tax TipsMarch 18, 2021|In KRW Tax Tips|By Keith WitchellEvery tax year the National Insurance and tax thresholds change, and we think carefully about the most tax efficient salary levels to…


Furnished holiday lets could get £10,000 covid-19 grants

KRW Tax TipsMay 24, 2020|In KRW Tax Tips|By Keith WitchellAs part of a package of measures to assist businesses, the Chancellor announced £10,000 grants for businesses that qualify for Small Business…


Salary can be cheaper than dividends for those over state retirement age

KRW Tax TipsJanuary 31, 2019|In KRW Tax Tips|By Keith WitchellRegular readers will know that the combination of a low salary and dividends is usually the most tax efficient way for a…


Save tax by employing your nanny through your company

KRW Tax TipsDecember 3, 2018|In KRW Tax Tips|By Keith WitchellThose employing the services of a nanny to look after their children will usually fund the nanny’s salary out of their net of tax……