Tag Archives: Tax planning

What is a Benefit in Kind?

Benefit in Kind header

If you employ people in your business, it’s likely you’ve heard the term “benefit in kind” batted around. It’s defined as… “A benefit in kind is any non-cash benefit of monetary value that you provide for your employee” – But what does that actually mean?  Essentially it’s when a company provides employees with job “perks” […]

What is Marriage Allowance?

Marriage allowance blog header

We all love to save money on tax where we can and one way to do this is through Marriage allowance tax relief but what is Marriage Allowance, who is eligible and how does it work? Who is eligible? Although it is called Marriage allowance, you do not have to be married to benefit. It […]

What does my tax code mean?

Tax code header

Getting paid is lovely isn’t it? And of course it’s good practice to check your payslip, to see that everything is correct etc. I know you’ll be fully on it, checking if your hours are correct, the pay rate is right, that your pension contribution has gone through … But are you quite so clued […]

Can I pay my personal tax bill through my limited company?

Can I pay my personal tax bill through my limited company?

We often get asked this question, and the official answer is you should either save up personal funds to pay your tax bill, or withdraw the funds from your business as a dividend.  Then pay your tax bill to HMRC from your personal account. However, we do know in reality this is a bit of […]

Why do PPF do Annual Client Reviews?

Annual Review

18 months ago, what did the word ‘Zoom’ mean to you? Whatever it was, it most likely wasn’t ‘’spending vast amounts of my time staring at my own face and hoping I’m muted whilst the rest of my family has a row’’… You’ve had the email from our Madison, inviting you to schedule your ‘Annual […]

How much money can I take out of my business?

how much money can I take out

Just because it’s there – doesn’t mean it’s yours! You bring in the sales,  you have money in the bank,  why can’t you take it?  One of the biggest rookie mistakes is thinking sales equals profits.  Profit is what is left after ALL the expenses are deducted, including any tax due.  There are two types […]

Can I put my golf membership through my business?

golf membership blog - child playing golf

After overhearing a group of lads discussing whether or not they could put their golf membership through their business (while I was sunning myself with a book at my son’s golf lesson the weekend) I thought this would make a great video and blog – so here it is!! Personal Golf Membership Let’s start with […]