For many years, company owners were told one simple thing: “Dividends are better than salary.” And for a long time, that advice often held true. But tax rules don’t stand still — and recent changes mean that paying yourself through dividends alone doesn’t always deliver
On 3rd March 2026, Chancellor Rachel Reeves presented her Spring Forecast to parliament. To download and read our guide to the Chancellor’s Budget, click the link below: https://ellislloydjones.co.uk/wp-content/uploads/2026/03/Spring-forecast.pdf
On 26 November 2025, Chancellor Rachel Reeves presented her Autumn Budget to parliament. To download and read our guide to the Chancellor’s Budget, click the link below: https://ellislloydjones.co.uk/wp-content/uploads/2025/12/Budget-Newsletter.pdf
From 18 November 2025, all company directors will need to verify their identity with Companies House and obtain a Personal Code. This guide walks you through the process step by step — from setting up your GOV.UK One Login to completing the ID check using
On 26 March 2025, Chancellor Rachel Reeves presented her Spring Statement to parliament. Despite a backdrop of low economic growth and increasing government borrowing costs, the Chancellor remains committed bto her ‘non-negotiable’ fiscal rules that aim to bring stability to the economy and security for
What is Making Tax Digital for Self Assessment (MTD for SA)? MTD for SA is an initiative by HMRC aimed at modernising the tax system. It requires businesses and landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible
Effective record keeping is essential for the success and smooth operation of any business. At Ellis Lloyd Jones, we believe that maintaining accurate and up-to-date records can significantly reduce stress, improve the quality of your financial data, and enhance your overall business performance. Here are
For Businesses Running a business involves various costs, and understanding what qualifies as a business expense can help you manage your finances better and optimise your tax savings. Here are some common business expenses that you can claim: Office Rent and Utilities: If you rent
Info to all employers – April 2024 National Minimum Wage and National Living Wage rates will increase to the following on 01/04/2024: Aged 21 and over £11.44 Aged 18 to 20 £8.60 Under 18 £6.40 Apprentice (in first year of an apprenticeship) £6.40 For further
This depends on the type or records. For instance, if you have bought an expensive asset or a property then it is advisable to keep these indefinitely. If in doubt, retain the records until you are sure there will be no further use for them
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Below we set out some of the
National Minimum Wage and National Living Wage rates will increase to the following on 01/04/2023: Aged 23 and over £10.42 Aged 21 to 22 £10.18 Aged 18 to 20 £7.49 Under 18 £5.28 Apprentice (in first year of an apprenticeship) £5.28 For further information, please
Welcome to our monthly tax newswire. This special edition is being published early to focus on the tax measures announced by the Chancellor in his Autumn Statement. Please contact us if you wish to discuss any matters in this newswire further. TAX INCREASES AND PUBLIC
Welcome to this special newswire. In this edition we focus on the Chancellor’s Mini Budget. Please contact us if you wish to discuss any matters in this newsletter in more detail. Download Newsletter
