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Expand your knowledge toolkit by reading from the most prominent experts
Pros and cons of employing family
Pros and cons of employing family. Sharing your business income with your family is good for them and can be tax efficient for you....
May 25, 20222 min read
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Sell your shares to your spouse to save tax
Giving a share of your business to your spouse can reduce the tax bill on its profits. Alternatively, you could sell part of the business...
Mar 4, 20222 min read
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Clearing a director’s loan account tax efficiently
Writing off an overdrawn director’s loan account can be tax efficient. The trouble is it can come with a large NI bill. Is there a more...
Feb 4, 20222 min read
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Working from home – what’s the tax position when you sell?
You switched from working in the office to working at home a while ago. You’ve heard that this can result in a tax bill if you move home,...
Nov 5, 20212 min read
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The ins and outs of reclaiming pre-registration VAT
The rules regarding pre-registration VAT have always been a source of confusion. HMRC’s tinkering of its own internal guidance has made...
Sep 3, 20212 min read
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What’s the right way to treat entertainment costs for tax purposes?
Special tax rules block relief for business entertainment costs. However, the rules can be applied in different ways. What are the dos...
Aug 6, 20212 min read
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Is tax relief due on pre-trading expenses?
You’re devoting a lot of time to getting your brand new company up and running. If it pays you for your efforts will HMRC allow it to...
Jul 2, 20212 min read
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What’s the personal financial risk of failing the IR35 test?
Rules effective from April 2017 and April 2021 shifted the responsibility for deciding if IR35 applies to a contract from the worker to...
Jun 4, 20213 min read
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Capital allowances – to claim or not to claim?
Your latest business accounts show a loss which means it will have no tax to pay. Is it therefore worthwhile claiming extra tax...
May 7, 20213 min read
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Claiming rent-a-room relief while you’re away
You’re about to be posted to another part of the country for an extended period. You’re going to let your home to a friend while you’re...
Apr 9, 20213 min read
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When is the right time to opt to tax a property?
The right time to opt to tax a property and whether you apply VAT to land and buildings that you own can be an important factor in your...
Mar 5, 20213 min read
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Why Should You Set up a Limited Company?
Why Should You Set up a Limited Company? And why it is better than Self-employment? Limited personal liability One of the most beneficial...
Jul 24, 20202 min read
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Stamp Duty Holiday
Stamp Duty Tax Holiday, Good news for Buy-to-let landlords, first time buyers and those who are planning to buy their next home. On...
Jul 19, 20202 min read
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Expenses You Can Claim As A Contractor Through Your Limited Company
As a contractor, you have the benefit of claiming business expenses. This is beneficial in the sense; you will not have to pay taxes for...
Oct 26, 20182 min read
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Tax Implications When Selling a Property
Tax Implications When Selling a Property – You have finally decided that it is time to sell your buy-to-let property but unsure what the...
Apr 21, 20181 min read
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