Blog
Autumn Budget 2024
The chancellor has announced her budget – to raise £40 billion in taxes – and it looks as if the majority of that is [...]
Dividends – What are they and how do they work?
Dividends Dividends are a reward to investors for investing in a company. The investor buys a share in a company, either from that company [...]
What are my responsibilities as a Company Director ?
Directors Duties Directors’ duties have now been written into law so let us review the position and those duties. Firstly, directors are appointed by [...]
Who Should Tell when I move House ?
Moving House When you move house there are various people you must inform and potential penalties for not doing so. Hence the first recommendation [...]
Should I get a company car ?
Company Vehicles Should I provide a company car? A company or other business can provide a vehicle to an employee to use personally – [...]
What Does the 2024 Budget mean to you
Spring Budget 2024 The Chancellor presented his spring budget, here is a summary of the few tax changes announced. Tax Rate Headline Changes For [...]
Taking on a Worker
Do they count as self-employed, or should I put them on the payroll? A quick reminder about employing staff, or subcontractors in your business. [...]
Do they count as self-employed, or should I put them on the payroll?
Taking on a Worker A quick reminder about employing staff, or subcontractors in your business. If you are paying someone direct to work for [...]
Do I need to tell the tax man what I have made?
Selling Onlin HMRC have for several years had the authority to collect information from credit card processing companies in order to check income being [...]
New VAT & PAYE Penalties
HMRC introduced new VAT and PAYE penalties in January 2023, and these will shortly start to build up for recurrent defaults. VAT – Late [...]
Autumn Statement 2023 Highlights
The Chancellor has announced some reforms – “cutting taxes and rewarding hard work” Employees/Payroll The basic rate of employees national insurance, for earnings [...]
How do I work out how many associates my company has?
Associated Companies A company’s corporation tax thresholds and rates from 1st April 2023, as well as employment allowance, are affected by the number of [...]
Will I get a state pension?
National Insurance Record for State Pension During your working life you earn credits towards state benefits – specifically a State Pension. There are lots [...]
Can I get tax relief on the expenses for my job?
Work Related Expenses There are certain job expenses that are tax free for all employees. If you own your own company, then your company [...]
Is it OK for my business to donate to charity?
Charity donations Is it OK for my business to donate to charity? How do I get tax relief on my charity donations? What is Gift Aid Gift Aid rules Gift [...]
Spring Budget 2023
The chancellor presented his budget on 15th March 2023 but most announcements had been made in advance to the press. Here are the highlights [...]
How Do I Close My Company ?
If you no longer need your company, then it is best to close it down completely. This concludes with getting it removed from the [...]
Perils of a One Man Business
What would happen to my Business if I am ill or die? Being in business on your own is often great – you have [...]
31st January Deadline – what does it mean?
We have just passed the 31st January self-assessment personal tax return deadline – so what does it mean and how was it for you? [...]
What costs are tax allowable if I am working for myself?
If you are in business is your own right, buying and selling goods or services for profit, then you are a sole trader and [...]
What are tax allowable expenses when working from home ?
Homeworking Expenses What costs are tax allowable if I am running my business from home? Many of us nowadays run our businesses from home [...]
