Ridgefield Consulting's Accounting Advice
Ridgefield Consulting bring you exciting new audio articles covering the most talked about topics from our website. The articles, read by our very own team, provide an insight into the hot topics our clients often ask about, in an easy to listen format that you can take anywhere! For more content, we regularly update the 'advice and news' page on our website with the latest accounting news.
Episodes
46 episodes
How to use holdover relief when passing on your business
If you've worked long and hard to build up your business, but are now looking to handover the reins to someone else, then you shouldn't be prevented from doing so because of heavy taxes. In this podcast episode, we explain what holdover relief ...
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13:49
How to extend your filing deadline
Running out of time to complete your annual accounts? Don't panic! You can request a filing extension. This episode will talk you through how to do that and our accountants share their tips on how to make sure you never miss your deadline. ...
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11:04
The most tax efficient way to pay yourself as a limited company director
As a limited company director, if you're not paying yourself strategically, then you could be missing a trick and overpaying on taxes that you don't need to! Make sure you take a combination of both dividends and a salary where possible and we'...
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14:42
The tax rules on using a director’s loan account
Accessing a director's loan account can be a powerful and flexible option when you're in need of cash quickly for personal reasons, but this comes with strict tax rules if you want to avoid the high penalties. We explain everything you need to ...
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14:02
5 Different ways to take money out of your limited company
When you run your own limited company, accessing funds from it is not always straightforward. Make sure you're extracting any money you need for personal use in the most tax-efficient manner by combining these 5 different strategies. <...
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15:23
How voluntary VAT registration can benefit your business
In this podcast episode hosted by Arekshe, she shares all our tips and tricks for how voluntarily registering for VAT can benefit your business. Listen to our podcast to see if you're ready to be VAT-registered. Getting a mortgage is on...
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15:53
How to get a mortgage when you're self-employed
Getting a mortgage is one of the main challenges when it comes to buying a property, but when you're self-employed it can seem like it's even more difficult. That's not necessarily the case though, and in this podcast episode, Arekshe explains ...
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21:21
How HMRC taxes hobbies and side hustles
More and more of us are earning extra money on the side, whether it's out of need or for personal enjoyment; but do you know that this may mean having to pay more income tax? In this episode, Lauren explains how HMRC will seek to tax those who ...
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19:42
How social media influencers and content creators get taxed
Social media influencing and content creation has fast become a lucrative career. If you're working in this sector, then be sure you understand the rules on how to declare your earnings which may need to include any free promotional gifts you r...
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16:16
Do you have to pay tax when you get divorced?
Going through a divorce or separation is challenging enough as it is, but when you inevitably have to deal with the financial aspect, it can add another level of complications. This podcast episode from the team at Ridgefield Consulting explain...
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14:41
What are the 2023 R&D Tax Credits changes?
If you've been investing in research and development for the past few years, or you're considering a research and development project for the first time, then be aware of the big changes that came about in 2023. Not only did the Chancellor chan...
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12:34
Tax guide on buying investment property through a limited company
Could you really make more rental profit by owning investment through a limited company? Well, the answer is, it depends. In this episode, Ellie weighs up the different scenarios and explains in what instances you could make a lot more through ...
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21:06
Step by step on how to set up your own limited company in the UK
For any aspiring entrepreneurs, listen to this episode for a step by step guide on everything you need to know on how to set up your own limited company. Ellie will go through the different options available to you as well as share essential ne...
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18:22
How to use salary sacrifice for your business
Want to find out how you can lower your corporation tax bill whilst keep your employees happy? Did you know that there are select salary sacrifice schemes which are approved by HMRC which means they do not attract P11d tax unlike other workplac...
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13:24
How to claim employment allowance
If you're thinking about whether you can afford to hire employees for your business, then listen to this episode to find out about employment allowance. Kizzy explains how it works and how much you could claim. Access the full article w...
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11:36
How voluntary VAT registration can benefit your business
There are pros and cons to becoming VAT registered, but ultimately, if you're looking to grow your business then learn how you can take advantage through voluntary VAT registration. Lauren explains how. Access the full article which is ...
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14:53
How to get tax relief for trading losses when you're self-employed
In this episode, Simon explains what tax relief is available if your sole trader business hasn't gone as well as planned. When you make a loss, you can claim tax relief. Simon will outline the rules when it comes to offsetting loss in the curre...
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16:11
How to take out dividend from a limited company
In this episode Kizzy explains how a company director can withdraw cash from their limited company through dividends. She'll go through a step by step guide as well as go over the pros and cons of issuing dividends. Access the full arti...
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8:06
How to spread out your personal tax bill payments
In this episode, Kizzy explains the different ways you can split up your income tax bill throughout the year to help you pay for the total bill come 31st January. Spreading out the costs can make paying for your tax much more manageable. Learn ...
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6:41
10 Advantages of completing your tax return early
In this episode, Ellie shares 10 tips on why there are advantages to completing your tax early. From practical advantages such as avoiding fines, maximising tax strategies, and securing a mortgage, to more personal benefits such as not feeling ...
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7:27
What to do if you missed the tax deadline
In this episode Nisali helps you understand what will happen if you miss the tax deadline. She'll cover issues such as automatic penalties, how you can appeal to do, what to do if you cannot afford to pay as well as some tips on how to avoid mi...
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9:12
3 Different ways to donate to charity to reduce your tax
In this episode Kizzy talks about different ways you can donate to charity and how it will help you reduce your tax. Donating to charity is not always seen as a conscious tax strategy, but can be a very efficient way to reduce your tax ...
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8:41
Do you have to pay tax on your pension?
In this episode Kizzy talks about whether or not you have to pay tax on your pension. Learn about two different types of pensions, when you can start receiving your pension and how much you'll be taxed on it. Access the full art...
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12:16