Blog
Retiring an employee tax efficiently
Read this article to find out how to ensure a payment made on retirement is tax-free.
Taxation of company cars in 2024/25
A tax charge arises where a company car is available for an employee’s private use. Read this article to discover how to work out the taxable benefit applying for the 2024/25 tax year.
Extracting profits in 2024/25
If you operate your business through a personal or family company, you will need to extract your profits to use them personally. Read this article to find out how to do this in a tax-efficient manner.
Post-cessation expenses – When and how are they allowable?
Read this article to find out about claiming for expenses incurred after a business has ceased trading.
Partnerships – Cessation on death of a partner
Read this article to find out the tax position of a business partnership should one of the partners die
Training costs and the self-employed
HMRC have revised their guidance on the deductibility of training costs incurred by the self-employed. Read this article to find out about the new rules.
Employer-provided equipment – Tax implications for employees of working from home
Read this article to discover whether you will pay tax on the computer your employer allows you to use at home
Advertising or promotion verses entertainment or hospitality – Which is allowable?
Read this article to ensure that the entertaining or advertising expenses your business is paying are tax deductible
Selling online – When do you need to tell HMRC?
If you have a ‘side hustle’ selling online, you may need to tell HMRC if you are trading or if you make a capital gain. Read this article to find out how the rules apply.
Incidental overnight expenses – A little known tax break
Read this article to find out about tax breaks on incidental overnight expenses
Work clothes – Can they be claimed against tax?
Read this article to find out whether work clothes can be claimed against tax. So, what are the tax rules?
Do we need to register for VAT?
If you make taxable supplies for VAT, you will need to register for VAT if your taxable supplies exceed or will exceed the VAT registration threshold. Read this article to find out when you must register and how to register.
Extracting further profits in 2023/24
Read this article to determine whether it would be beneficial to take further profits from your personal or family company before the 2023/24 tax year comes to an end.
Making pension contributions before 6 April 2024
The ability to make tax-relieved pension contributions is limited by both your earnings and your available annual allowances. Read this article to help you assess whether it would be possible to make further tax-relieved contributions before the end of the 2023/24 tax year.
Register to payroll benefits in kind
Instead of reporting taxable benefits to HMRC on form P11D after the end of the tax year, employers can opt to deal with those benefits through the payroll (‘payrolling’). Read this article to find out how to register to payroll benefits in kind in 2024/25.
NMW from April 2024 – Make sure you comply
The National Living Wage and the National Minimum Wage are increased from 1 April 2024. Read this article to find out the new rates applying from that date.
Tax implications of buying a customer list
Read this article to determine the tax implications should your business buy another firm's customer list. #customerlistimplications
Are you ready for the change? Self-employed – Basis period reform
Read this article to find out about tax calculation changes for many self-employed and partnership businesses.
Common deductible business expenses
Read this article to find out what expenses you can deduct in computing your taxable profit. #deductibleexpenses #allowableexpenses
Tax relief for bad debts
Find out how to secure tax relief for bad debts by reading this article #baddebt #doubtfuldebt #cashbasis #accrualsbasis