Ridgefield Consulting's Accounting Advice

In this episode Shameem talks about what happens when you want to close down your limited company and what tax will need to be paid. Learn the best way to close down your solvent limited company if you no longer want to trade through it any more. We explain two different methods you can use and how they will effect your final tax payments. Access the full article which is regularly updated:   http...

In this episode, Poppy explains how you're taxed if you have more than one job. Many people wonder if they are taxed more if they have multiple jobs, so we bust the myth and clarify on what is really going on with your tax. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/how-youre-taxed-when-you-have-more-than-one-job/ For more content lik...

In this episode Poppy talks us through the difference between a director’s salary and dividend. She also gives some great tips on what he believes is the best way to pay yourself when you are a director of your own company. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/directors-salary-or-dividends/ For more content like this, visit the &apos...

In this episode Poppy talks about the different taxes that are charged on furnished-holiday-lets compared to buy-to-let properties. Find out which type of investment would be better for you based on tax treatment alone. Access the full article which is regularly updated:   https://www.ridgefieldconsulting.co.uk/tax-guides/a-guide-to-tax-on-furnished-holiday-lets/ For more content like this, visit...

In this episode Nisali explains how marriage allowance works and how it is different to the Married Couple's Allowance. Find out why it's worthwhile to claim if you're looking for ways to make your money go further as a couple. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/marriage-allowance-married-couples-allowance/ For more...

In this episode, Lenka explains the tax rules when running a family business. It can be beneficial to run a business together as a family to keep money within the same household, but make sure you follow these rules. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/tax-benefits-for-family-businesses/ For more content like this, visit the 'T...

In this episode, Poppy shares her top ten tips for reducing your corporation tax if you run a business through a limited company. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/10-ways-to-reduce-your-corporation-tax-bill/ For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/ta...

In this episode, Poppy provides guidance on how to run a payroll yourself for your business if you have employees. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-run-and-manage-payroll-for-your-limited-company/ For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-gu...

In this episode, Kizzy offers 10 top tips to reduce your capital gains tax if you've disposed of assets and have made a gain. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-reduce-your-capital-gains-tax/ For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/tax-guid...

In this episode. Simon shares 10 annual allowances that not everyone may know about to make full use of in order to save on tax. Access the full article which is regularly updated:  https://www.ridgefieldconsulting.co.uk/tax-guides/how-to-make-use-of-10-annual-tax-allowances/ For more content like this, visit the 'Tax Guides' page on our website: https://www.ridgefieldconsulting.co.uk/ta...

Welcome to Ridgefield Consulting’s Accounting Advice podcast. We’re an independent firm of Chartered Accounts and our team have created this podcast to share free expert advice, provide practical tips to save on tax and offer explainer guides so you can take control of your own tax and accounting matters.  In this episode, Simon explains how to use the Seed Enterprise Investment Scheme (SEIS) for...

In this episode, we will be covering everything you need to know about what a benefit in kind is to how to calculate what tax you will need to pay on it. If you receive any other benefits as part of your employment in addition to your salary, it may be the case that you are receiving a benefit-in-kind also known as a BIK for short. You might see it as a workplace perk, or sometimes they’re referre...

In the episode, Shameem explains everything you need to know about capital gains tax. Starting with what capital gains tax is to how to reduce your capital gains tax bill. Capital Gains Tax or CGT for short is a tax charged in the UK when you make a gain as a result of disposing of belonging or asset. The term ‘disposal’ is used because you can incur CGT not only when you sell something but also w...

In this episode, Caroline will be covering everything you need to know about how to register yourself as self-employed with HMRC. She will begin by discussing what being self-employed means to how and when you need to register yourself as self-employed. Access the full article which is regularly updated: https://www.ridgefieldconsulting.co.uk/tax-guides/register-as-self-employed-with-hmrc/ For mor...

In this episode, Nisali is discussing how VAT works. She covers everything from what VAT is to how and what VAT is charged on.  If you are unsure if and when you might need to pay VAT this episode should help clear everything up. If you are still unsure after listening please don't hesitate to get in contact. Access the full article which is regularly updated: https://www.ridgefieldconsulting...

In this episode of Ridgefield Consulting's Accounting Advice podcast, Tim talks through everything there is to know about buying a car for your business. We cover everything from buying a car for personal use to buying a pool car or company car for your business. It's a jam packed 8 minutes so take a seat and get ready to learn all you need to know about buying a company car through your...

In the episode Kizzy explains everything you need to know about claiming tax relief when working from home. Whether you're a sole trader, company director or employee, there are tax reliefs available if you work from home to help cover the additional costs incurred. So, grab a drink and settle down for the next episode of Ridgefield Consulting's Accounting Advice podcast - claiming tax r...

In this episode, Simon Thomas, Ridgefield Consulting's Managing Director, sits down with our Innovation Funding Lead, Bryn Richards to discuss everything that's going on in the world of R&D tax credits. Now more than ever, businesses need all the financial support they can get with the economy trying to recover from the impact of Covid-19. Many business are facing hard times but stil...

Listen to our updated podcast on 10 ways to reduce your corporation tax here: https://www.buzzsprout.com/1373647/episodes/11074633 Every business registered in the UK will have to pay Corporation tax on their profits but there lots of ways to reduce your tax liability, legally.  In this episode, Nisali covers our top ten ways to reduce your corporation tax bill, whether you are the businesses only...

Benefits in kind are often additional incentives that an employer may offer their employees alongside their basic salary. However, not everyone knows that these benefits can be taxable if they don't meet certain criteria. In this episode of Ridgefield's Consulting's Accounting Advice, Nisali talks through everything you need to know about benefits in kind as either an employer or an...

In this episode, Shameem explains how to use R&D tax credits together with grants. R&D is an important part of many company's business plans as they look to develop a unique advantage over your competition. However, many people get confused when trying to claim R&D tax credits alongside business grants so we've taken some time to explain in this audio article. For more articl...