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[Craig@Clarity]

Based purely on the figure above, you need to ensure you have profit after corporation tax of £5334 each month in order to declare and pay that dividend. Your self assessment tax bill based on £666 salary a month and dividends of £5334 a month would be £9,739.75 at the end of the tax year. In...

[Craig@Clarity]

If you want an more accurate profit and loss statement, you need to factor in closing stock at the end of whatever period you're looking at and then subsequently opening stock for the following day e.g. say you want to see what your actual accounting profit and loss statement is at the 30 April, you'll...

[Craig@Clarity]

It's never been the case you could roll forward the CGT allowance. The losses yes, allowance or AEA no. Use it or lose it!...

[Craig@Clarity]

Considered over the whole tax year. You'd look at each sale in that tax year and any capital losses from one sale can be offset against other capital gains. Unused losses can be carried forward....

[Craig@Clarity]

In a nutshell, if you're a sole director/employee, you can pay the secondary threshold amount of £737 per month (£8,844 p.a.) and no income tax or employees or employers NIC is attracted. Compare that the primary threshold of £797 per month (£9,564 p.a.). There is still no income tax or employees...