Extracting profits in 2024/25
Getting your hands on your profits... June 27, 2024 Posted by: Aitro3 Category: Business Accounting, Business Tax No Comments Extracting profits in 2024/25 If you run your business as a personal or family company, you will need to extract your profits in order to use them personally outside your company, for example, to meet your
Full expensing for companies
The super-deduction is dead. Long live full expensing! July 19, 2023 Posted by: Aitro3 Category: Business Accounting, Business Tax No Comments Full expensing for companies The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It was replaced with full expensing.
QuickBooks Advanced advisors – recertified!
QuickBooks re-certified! June 7, 2023 Posted by: Aitro3 Category: Accounting Software, QuickBooks Online No Comments Certified ProAdvisor Status Reconfirmed We're pleased to announce that we've been recertified as QuickBooks Online Advanced Advisors for another year! There have been many upgrades and improvements to QuickBooks Online in the past year, and the recertification process ensures trusted
Taxing dividends in 2023/24
What's changed with dividend taxation? May 8, 2023 Posted by: Aitro3 Category: Business Owners No Comments Taxation of dividends in 2023/24 If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient, recent tax changes have eroded some of the advantages.
Full expensing for companies
New rules for capital allowances ... May 8, 2023 Posted by: Aitro3 Category: Business Tax No Comments Full expensing for companies The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It was replaced with full expensing. As with the super-deduction,
Be Careful Of Your Associations
Associated companies and corporation tax rate changes – what's going to happen? February 6, 2023 Posted by: Aitro3 Category: Business Tax No Comments What's changing? Most directors hopefully now know that as of 1 April 2023, companies with taxable profits in excess of £250,000 will pay corporation tax at the main rate of 25%. Companies
Time For A Financial Healthcheck?
Time For A Financial Healthcheck? November 22, 2022 Posted by: Aitro3 Category: Business Owners No Comments Jonathan Smith, ACMA was a senior Finance executive in some of the largest financial institutions in the UK. For the past 10 years he has helped startup and scaleup businesses to grow their finances with confidence. Driving business growth
How Business Owners Beat Inflation: The Beginner’s Guide
How Business Owners Beat Inflation: The Beginner's Guide October 7, 2022 Posted by: Aitro3 Category: CFO Advisory No Comments Author: Jonathan Smith, ACMA - founder and MD of Aiteo Consulting Jonathan was a senior Finance executive in the largest banks and financial companies in the UK. He oversaw annual cost spend of up to £1.5bn
Five tax-efficient ways to get hands on your profits
Five tax-efficient ways to get your hands on your profits October 3, 2022 Posted by: Aitro3 Category: Business Owners No Comments If you operate your business as a personal or family company, you will need to extract some or all of the profits if you wish to use them personally. When it comes to tax,
A game-changing update from QuickBooks
A game-changing update from QuickBooks... September 27, 2022 Posted by: Aitro3 Category: QuickBooks Online No Comments Intuit steps up into new territory with the launch of QuickBooks Advanced This is not an advertising feature! We work with Intuit's QuickBooks as certified Advanced ProAdvisors because we think it is an excellent piece of accounting software for
