Louisa Drewett

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 [...]

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, [...]

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 [...]

2023-24-tax-changes-rates

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 [...]

Business expenses through a Limited Company

Running a business comes with its costs and sometimes it isn’t always clear which of these costs are tax deductible. To help, we have created a short and informative guide about commonly claimed expenses. Understanding how reclaiming expenses works [...]

MINI BUDGET SEPTEMBER 2022

The mini budget - what it means for contractors Well that was a big U-TURN affecting the contracting industry! The (not so) mini-budget delivered by new Chancellor, Kwasi Kwarteng last Friday, had a lot more in it than anyone expected. Repeal [...]