A recent press article about tax and Gift Aid donations caught your eye. It said that people who donate to charity and whose income has been hit by coronavirus can face unexpected tax bills. Are you at risk of this trap? For more information, contact us.
One of our subscribers has decided to close a subsidiary of her main company. Her loan account with the subsidiary company is in the red by nearly £20,000. If the subsidiary is wound up, what tax liabilities might this trigger? For more information, contact us.