Your tax code plays an important role in making sure the correct amount of Income Tax is deducted from your wages or pension. It is used by your employer or…
With the 31 January Self Assessment deadline fast approaching, many taxpayers are feeling the pressure. Whether you’re self-employed, a landlord, or have additional income to declare, leaving things until the…
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:…
Limited companies pay Corporation Tax on their profits. The rate has been 19% for many years but this changed on 1 April 2023. From this date, small businesses with profits…
What can I claim as self employed expenses 2023? Mobile Phone You can claim your Mobile Phone as a self employed expense - If you use your mobile phone for…