Gifts Gifts are tax free to employees if they are non cash, cost £50 or less and are not part of a contractual entitlement or recognition of performance. Any gifts…
If you’re thinking of putting a vehicle through a limited company there are several key tax considerations around company cars, benefit-in-kind (BIK) tax, allowable expenses, and VAT treatment. 1. Ownership:…
If you're a sole trader and considering buying a vehicle through your business, there are many important tax considerations to be aware of. 1. Business vs Personal Use You can…
From April 2026, the way some self-employed individuals and landlords manage their taxes is going digital—and it’s not optional. Here’s what you need to know and how to prepare. Who’s…
What does Making Tax Digital mean? Making Tax Digital for Income Tax will require self-employed individuals and landlords to keep digital records and send simple quarterly updates to HMRC. HMRC…
The tax year end of 5 April 2025 is fast approaching and there may be some steps you can take to maximise available allowances and to potentially save yourself some…
As a new year begins, many business owners reflect on their goals and consider whether it’s time to take the next step. For sole traders and self-employed individuals, one of…
The headline message from the Chancellor The first ever female Chancellor, Rachel Reeves, delivered the first Labour budget in 14 years, vowing to protect the NHS, protect working people and…
A Guide for Businesses October is Financial Planning Month, a perfect time to take a closer look at key accounting dates for the coming months. For business owners, staying on…
You may decide you need to cease trading as a Limited Company for many reasons. Perhaps it is no longer the most tax efficient way for you to trade, perhaps…