How to start a small business at home

Starting a small business from home is a dream for many people seeking freedom from the nine-to-five routine. It can offer a great deal of flexibility, financial independence and the opportunity to shape your own empire – without needing too many resources. As accountants working primarily with small to medium sized enterprises (SMEs) and start…

Scam Tax Rebate Emails

Scam Tax Rebate Emails

Here at Bells we have had a number of clients contact us to ask if an email they have received, seemingly from HMRC, is genuine. The email often has HMRC’s logo on it and appears quite official, usually stating that the taxpayer is due a refund and asking them to follow a link to claim…

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Tax on Dividend

If you own shares in a company you may well pay yourself via a dividend. Previously, if you were a basic rate tax payer you were not required to pay any additional tax on dividends. As of 6 April 2016, you won’t pay tax on the first £5,000 of dividends that you get in the…

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Tax on Dividends Is Changing!

How do things work now? You can pay yourself from your limited company in two ways, via salary or dividends. Most directors pay themselves a small salary topped up with dividends. Dividends are paid after Corporation tax has been charged, they are paid out of money that has already been taxed once. Currently there is…