Now that Freedom Day has been and gone and life is returning to something that used to slightly resemble normality, there’s nothing stopping you from planning a summer social for you and your employees. But before you book anything, do you know how much you can claim as a business [...]
If you have a Limited Company and need transportation for your business you may be considering your options. So is it best to purchase a company car, or use your own car, and what tax implications can you expect for both options? In this blog we explore exactly that, to [...]
You may from time to time wish to borrow money from your Limited Company. Whilst you are able to do so there are a number of considerations you need to be aware of, one of which is the tax implications of doing so. In this blog we explore the process [...]
What is SEISS? The Self-Employment Income Support Scheme (SEISS) was made available to those who are self-employed or a member of a partnership, who were affected by coronavirus. If you lost out on income or had to stop working in order to look after someone you could apply for money [...]
What is an ATED? An Annual Tax on Enveloped Dwellings, or ATED is an annual tax that’s payable by companies that own UK residential property valued at more than £500,000. If you’re a UK landlord you’ll need to complete an ATED return if your property: Is a dwelling Was valued [...]
This past year has been tough for everyone, especially small businesses. You’ve survived temporary business closures, reduced customer foot flow, furloughed staff and faced uncertainty over the future of your business. So as we all slowly and cautiously begin to return to normal, now may be a good time to [...]
Congratulations on starting your new business venture! Whilst you’re probably busy getting everything ready and sorted, one important thing to consider is your business accounting and more importantly, your business structure. But how do you know which is the right one for you? In this blog we look specifically at [...]
If you’re just starting out and looking at which business model would suit you best, one of your options is to operate as a sole trader. But what does being a sole trader actually mean and is it right for you? In this blog we explore just that to help [...]
The pandemic and the ensuing lockdown in the UK has brought periods of unrest, uncertainty and for many, a change in their usual working patterns. But for some crafty and determined individuals, it’s been the push they’ve needed to get their own business up and running, and start to sell [...]
For the 2021/2022 tax year, tax allowances and rate bands have, in the main, remained the same. In this article, we demonstrate what that means in real terms, and offer our advice for trading as tax-efficiently as possible. 3 ways to trade tax-efficiently for 2021/2022 Use the optimum salary levels [...]