craigwilliams

Can I Pay My Spouse a Wage? The Tax Benefits (and Rules) Explained

If you’re self-employed or run your own limited company and your partner helps out in the business, you might have wondered if you can pay them a wage. Even if they don’t,  maybe you’re looking for smart ways to manage tax and household income more efficiently. Whatever the reason, this is one of the most […]

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Accountant vs Finance Director: What’s the difference and which one do you need?

As your business grows, so does the financial complexity. At some point, you realise that spreadsheets and end-of-year tax prep just aren’t enough. You need someone who can take a closer look at your finances, or even a strategic view of your future. That’s when many business owners ask:“Do I need an accountant… or is

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When should I look at moving from a sole trader to a limited company for tax-efficient savings?

This is one of the most frequently asked questions we get from business owners, and for good reason. The move from sole trader to limited company can be a big step, but it can also unlock significant tax savings. So, when does it make sense to switch?  We’ve put together this mini-guide to help you

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Why can’t I reclaim VAT if I am not VAT-registered?

It’s one of the most common questions business owners ask us: “I’ve paid VAT on something for my business, why can’t I claim it back?” The short answer is simple: if you’re not VAT-registered, you can’t reclaim VAT.  The longer answer, however, is worth understanding, especially if you’re close to the VAT threshold or wondering

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What can I claim for running my business from home?

Whether you’re self-employed full-time or run your business alongside other work, your home office comes with running costs. The good news? Some of those costs can be claimed back. So if you’re asking yourself, “What can I actually claim for when working from home?”, this guide is for you. Two methods for claiming business-use-of-home There

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