Blogs

Private medical insurance (PMI) is a popular employee benefit in the UK, offering access to faster medical treatment and a range of healthcare services. However, it's crucial to understand the tax implications for both employers and employees. TAX IMPLICATIONS FOR...

Anyone that emails me on Friday will get my out office message on email. WHY do I not work Fridays? I actually do work on Fridays but just not IN the business, rather I work ON my business. Previously I...

I really don’t think so. My opinion is that most people still want that human touch when dealing with their finances, that’s not to say that AI will not have its part to play, already its helping with bookkeeping faster...

HOW MUCH CAN I CLAIM FOR A WORK FUNCTION IF I TRADE THROUGH A LIMITED COMPANY WITH AN ITEM SUCH AS A CHRISTMAS PARTY This affects anyone who may have an “annual” function such as a summer party or Christmas...

CAN I CLAIM MY WORKWEAR AS EXPENSES WITHIN MY LIMITED COMPANY OR SOLE TRADE? You may be able to claim tax relief on the cost of cleaning, repairing or replacing a uniform or specialist clothing (example being overalls or safety...

It’s a common misconception that business owners can put all travel through the business and it will be allowable for tax purposes. Travel expenses need to be ordinary and necessary expenses for travel to benefit the company. This would be...

A common misconception is that cars given by a company are tax free. This is not the case, as a company asset is being used which may been seen as a cash equivalent and there will be tax payable on...

Compliance: Accurate financial records help you stay compliant with local tax laws and regulations, avoiding potential penalties and legal issues. Decision Making: Reliable financial data allows you to make informed decisions about your business's future, such as expansion, investments, or...

Have you ever come across situations where you have not expressed to anybody that you have made income on your buy to let? Is it something you should not be disclosing with the HMRC? A big NO. Though you are...

A lot of people now work from home. It is therefore quite common that people would like a separate office building so they have privacy as well as more space to work from BUT… is this a good idea? Let’s...