How to maximise your tax efficiency before tax yearend 2026
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 [...]
What Was Announced in the Autumn Budget 2025?
With so much pre-Budget speculation, we were expecting a long wait for the detail - but events moved faster than anyone anticipated. In an unprecedented slip, the Office for Budget Responsibility (OBR) accidentally published its Economic and Fiscal Outlook around [...]
What to Do If You Can’t Pay HMRC: Expert Advice for UK Taxpayers
It’s normal for everyone to experience uncertainty surrounding their finances from time-to-time, and that in particular this time of year with the festive period and tax return season right around the corner, can make those worries seem even greater. [...]
VAT schemes – which one is right for you?
If you’re running a limited company and are close to the VAT registration threshold or are already VAT registered, choosing the right VAT scheme is essential. The VAT scheme you select can directly impact your cash flow, tax efficiency, and [...]
What do your Limited Company’s Annual Accounts show you?
As a Limited Company director, submitting Annual Accounts is a legal requirement, but these financial statements reveal much more than just figures for HMRC and Companies House. Your annual accounts provide key insights into your company’s financial health, profitability, and [...]
The tax benefits of making pension contributions through your Limited Company
As a limited company director, you’ll no doubt be keen on finding ways to reduce your tax bill while planning for your future. One of the most effective strategies is making pension contributions directly through your business. Unlike salaries or [...]
Dormant Limited Company – everything you need to know
Dormant Companies: What Contractors and Freelancers with a UK Limited Company Need to Know When you’re running your limited company, there may be times when you’re not trading but want to keep your company active, or you may set one up [...]
Trivial Benefits
If you’re a limited Company director, you may want to gift your employees (or even yourself) from time to time from your business. Depending on the gift’s circumstances you might find that its cost isn’t classed as a taxable benefit. [...]
Limited Company Dividends
Part of running your Limited Company in a tax-efficient way that maximises your overall take-home pay is by understanding the role dividends play. Whilst we always advise our clients to discuss their accounts with their Client Director for tailored advice, [...]
Are you prepared for Making Tax Digital?
Making Tax Digital (MTD) is just around the corner so it’s time to start getting prepared. In this blog, we’ll cover the changes that are being made, when they come into effect and what you need to do to get [...]
What Was Announced in the Spring Statement 2025?
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families [...]
What Are the Key Dates Throughout the Financial Year for Limited Company Directors?
As a director of your Limited Company, you have legal responsibilities such as filing and submitting various forms and returns to Companies House and HMRC throughout the financial year. Failing to do so will result in penalties, fines and [...]
What Is the Employer’s National Insurance Rate Increasing To?
Back in October 2024, the UK government released the much-anticipated Autumn Budget where they announced a variety of changes affecting UK employers. One of the significant talking points from this was the adjustments to Employers National Insurance Contributions. The changes [...]
How Much Can You Claim for Using Your Home as an Office?
If you’re running a Limited Company and working from home, you may be wondering: How much can I claim for using my home as an office? In this blog we break down HMRC rules, tax-efficient options, and how to calculate [...]
What Are the 2025-26 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 [...]
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 [...]
Is closing your company with MVL 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 at company [...]
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 [...]