How to maximise your tax efficiency before tax yearend 2025
Allowable expenses Claim all of your allowable expenses Maximise your trivial benefit allowances for all directors Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 taxed at 0% per year [...]
Can you pay for your garden office through your Limited Company?
One of the benefits of running your own business is that you may be able to complete your work from any location you wish, which for many is to work from home. But if you don’t have the space to [...]
Are you eligible for free childcare whilst working through your Limited Company?
If you ask any parent what their biggest monthly expenses are, childcare will most likely appear near the top of that list! For many, childcare costs are second only to mortgage/rent payments. It may seem like these massive costs are [...]
Company closure: normal vs MVL – which is the right option for you?
When it comes to closing your Limited Company you may be wondering what the process is, how much tax you’ll end up paying and how your accountant can help. In this blog we take a closer look, to help [...]
The Autumn Budget 2024
Forty billion pounds of tax rises represents one of the very largest tax rising Budgets outside of a time of recession, with Rachel Reeves announcing a compendium of changes aimed at businesses and higher tax payers. A penny off a [...]
A guide to buy-to-let
Buy-to-let properties can be a profitable investment, but you need an understanding of the tax implications to maximise your returns whilst ensuring compliance with HMRC’s guidelines. This guide will cover the tax considerations you need to know as a buy-to-let [...]
How much tax can you expect to pay on electric cars, and the differences between leasing and hire purchase
If you run your own Limited Company and are considering an electric car, do you know the taxable implications depending on the choices you make? In this blog we take a closer look at the tax you can expect to [...]
Limited Company director’s key dates throughout the financial year
Your responsibilities as a Limited Company director and what you need to file with Companies House and HMRC Directors of Limited Companies have legal responsibilities, such as filing/submitting various forms and returns to Companies House and HMRC throughout the [...]
Limited Company guide to dividends
Understanding dividends as a Limited Company director can help you increase your tax efficiency and maximise your take-home pay. Whilst we recommend speaking to your dedicated accountant for specific advice, knowing a little bit about dividends yourself can be handy. [...]
2024-25 tax year rates and allowances
National Insurance & Tax Tax-free personal allowance - £12,570 Basic rate – 20% up to £37,700 Higher rate – 40% - from £37,701 to £125,140 Additional rate – 45% - above £125,140 National Insurance [...]
The Budget 2024
Chancellor Jeremy Hunt has just finished delivering his Spring Budget 2024, in which he said the Conservatives have a plan to 'grow the economy'. He confidently stated that his Budget will "unleash people power and put this country back [...]
How to maximise your tax efficiency before tax yearend 5 April 2024
Allowable expenses Claim all of your allowable expenses Maximise your trivial benefit allowances for all directors Keep receipts 6 years after accounting period ISAs Use your ISA allowance £20,000 taxed at 0% per year [...]
HMRC’s Crypto tax nudge letters
Crypto’s popularity has grown beyond anyone’s expectations in the past few years, and with more and more people investing or considering it, it’s worth understanding the accompanying tax implications, and what you could owe. In this blog we take a [...]
Do you owe tax on cryptocurrency in the UK?
If you currently have cryptoassets, or you've dealt with cryptoassets in the past, there's a good chance you owe tax on those assets. For some time, there was confusion about how crypto was taxed, but HMRC’s position is now much [...]
Business Bank Account FAQs
What’s the difference between my personal bank account and a business bank account? When you set up a business it’s a great idea to get a separate business bank account set up. Your business and personal affairs, including finances, are [...]
Reducing your Corporation Tax by making charitable donations through your Limited Company
Donating to charity is a great way to support causes that matter to you. But did you know that by donating through a Limited Company, it can claim tax benefits on the donation? In this blog, we outline how [...]
How much tax can you expect to pay on electric cars?
Electric cars were once a thing of the future, and it was rare to see one out and about on our roads. But now, more and more people are purchasing them, with charging points being the norm in supermarket [...]
The Spring Budget 2023
Chancellor Jeremy Hunt delivered a ‘Budget for Growth’ after the Office for Budget Responsibility forecast a stronger than expected performance from the UK economy this year with inflation continuing to fall. Driving business investment The Chancellor announced a £27 billion [...]
Limited Company key dates throughout the financial year – your responsibilities and what you need to file with Companies House and HMRC
As a director of your Limited Company you’ll have legal responsibilities, such as submitting / filing various returns and forms to HMRC and Companies House throughout the financial year. When you’re busy running your own Limited Company it can [...]
What is your company yearend and what do you need to know?
New Limited Company directors must complete their yearend, but what is it and why do you need to do one? In this blog we explore what yearends actually are, what you need to be aware of, and the support that’s [...]