Can I claim capital allowances?
Capital allowances are a way of obtaining tax relief on some types of capital expenditure. What is capital expenditure? Expenses you incur in your business can either be capital or revenue [...]
Should you provide a company car to an employee?
If you provide a company car to an employee there will be a benefit in kind charge. This includes directors of a limited company. What is a benefit in kind? Benefits in Kind (BIKs) are non-cash [...]
Self-employed vs Limited company. Which is best for my business?
Are you just starting out in business? Have you been in business for a while and wonder whether you should incorporate into a Limited company? One of the important initial decisions to make is [...]
Should my business register for VAT?
For most businesses, when your turnover exceeds a certain level you must register for VAT and charge VAT on all your sales. Certain businesses are exempt and therefore do not need to register. If [...]
Flat Rate VAT Scheme – Low Cost Trader
From 1 April 2017 HMRC introduced changes to the flat VAT rate scheme. The flat rate scheme was introduced to reduce the administrative burden of small businesses. Under the scheme the business [...]
Tax relief at Christmas
It’s that time of year again when thoughts turn to Christmas. As a business do you know what gifts you can give your staff without incurring tax or National Insurance (NI)? Do you know what gifts [...]
