Contents How do Tax Deductible Expenses Work? Being able to claim tax relief on expenditure in a business is often the first point of focus for anyone trying to achieve tax efficiency and save money. … read more
Contents Introduction Holding Companies are always a hot topic when it comes to tax planning, however many accountants are still struggling to give their client’s effective advice to get the mos … read more
Contents Limited company tax loopholesWhat is the most tax efficient way to pay yourself as a company director?What is a Directors Salary?Calculating the optimal directors salaryShould I pay myself in … read more
Contents Introduction January is rarely the easiest month for household finances. After Christmas spending, winter energy bills and the return to everyday routines, many people are also faced with the … read more
Contents Introduction Electric company cars have been one of the biggest success stories in UK tax planning over the past few years. With very low Benefit-in-Kind (BiK) rates and the rise of salary sa … read more
Contents Introduction With the end of the tax year approaching, many company directors and shareholders are reviewing how they extract profits from their businesses. One issue that has become particul … read more
Contents Introduction As the 2025/26 tax year approaches its end on 5 April 2026, company directors should review their tax position before key allowances reset. For owner-managed businesses, tax plan … read more
Contents Background For many limited company directors, dividends have long formed the backbone of a tax-efficient remuneration strategy. A modest salary within National Insurance thresholds combined … read more
If you’re a business owner still reeling from this week’s Budget announcements, you’re not alone. After two difficult budgets in a row, this one may go down as the most business-owner-unfriendly … read more
Introduction Getting a discounted lunch with HMRC picking up part of the tab seems irresistible to most business owners, which is why subsistence claims top the list when it comes to the most popular … read more
Contents VAT Registration, Splitting Businesses, and Alternatives There are times especially in B2B situation when registering for VAT can be a benefit to a business because if your customers are them … read more
Contents Pros and Cons of Buying a Car Through a Limited Company Buying or leasing a car through a limited company can give you significant tax savings, but it is also the one area in which you could … read more
Contents Introduction For many small business owners the first time they hear about a director’s loan account is when they hear the dreaded words from their accountant that they owe their compan … read more
Contents Introduction Running a limited company comes with specific accounting responsibilities. This guide will cover everything you need to know about Accounting for Limited Company, from year end a … read more
Contents There are many accountants out their rubbing their hands and salivating over the idea of a client setting up another limited company that they can bill them to look after. Unfortunately this … read more
Contents With the benefit in kind tax system based on CO2 emissions of a vehicle rather than the value of it, you can have a tax bill for the year that is more than the value of the car. For example a … read more
Contents Alphabet shares can be a great tax planning tool as you can take dividends independently of each other. Flexibility to split income has traditionally been the preserve of Partnerships or Limi … read more
Contents Want to cut your taxes this year? In this guide we show you how small business owners can cut their tax bills for 2024-25. We get down to business – from exemptions to income planning – s … read more
Contents Business owners often build up savings over time and can either leave them in bank accounts, use them to buy certain investments or even lend them to their own company. Whatever savings are u … read more
Contents Starting a business can be one of the most challenging things you can do, as it often involves having to learn a completely new skill set and operate on very unfamiliar ground. To add to this … read more
Contents What is a ‘tax year overview’ and why does it matter? Self employed people don’t have the luxury of getting a mortgage by providing their payslips. Small business owners don’t have th … read more
Contents Value Added Tax Having VAT explained to you by your accountant can sometimes seem overwhelming, which is why I wrote this short guide in a way in which you can use it as a reference document … read more
Contents Introduction One of the reasons business owners really struggle with understanding tax for limited companies is because there are so many different ones that can apply. While most people woul … read more
Contents Many small business owners understand that it’s possible to provide employee benefits to their team and themselves as directors, either as part of their remuneration package or as a sal … read more
Contents Background With the upcoming changes to Employers National Insurance in 2025 and the Employee Rights Bill, it is understandable why small businesses are more nervous than they’ve ever b … read more
