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 […]
Can I Pay My Spouse a Wage? The Tax Benefits (and Rules) Explained Read More »
It’s one of the most common questions we get: “Can my company pay for a garden office?” The answer is yes, partly, but the rules are more complex than they seem. Like with everything involving HMRC, there are conditions to follow and boxes to tick, so you need to know what you can and can’t
Can I build a garden office and claim it all through the business? Read More »
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
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
Why can’t I reclaim VAT if I am not VAT-registered? Read More »
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
What can I claim for running my business from home? Read More »
As accountants, one of the most common questions we get asked by business owners is, “Can I reclaim VAT on gifts for clients or staff?” The short answer is: yes. However, like with all things when it comes to HMRC, it depends on a range of factors and, of course, adhering to specific HMRC guidelines.
Can I reclaim VAT on gifts for clients or staff? Read More »
Ever looked at your tax bill and thought, “Where does all this money go?” If so, you’re not alone. You work hard, you pay your taxes, but what does HMRC do with it all? Here’s a breakdown so you can see exactly how your contributions are spent. First, what taxes are you paying? Before we
What does HMRC do with all the tax I pay? Read More »
Let’s be honest, running a business is already full-on. The last thing you need is the added stress of managing payroll. It’s not just about making sure everyone gets paid on time (although that’s important!). It’s the admin, the ever-changing tax rules, the deductions…and it all adds up, causing one giant payroll headache. So what
The benefits of outsourcing your payroll process Read More »
As a business owner, one of the most efficient ways to reduce your Corporation Tax bill—and extract value from your company—is through pension contributions. Not only do employer contributions reduce your company’s taxable profits, but they can also help you save on National Insurance and build long-term personal wealth. This article explores how contributing to
Best Way to Lower Your Corporation Tax Bill: Contribute to a Pension Read More »
From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential lets, and residential lets and furnished holiday lets owned by the same person (or same persons) form part of the same property rental business. Prior to 6 April 2025, furnished holiday lettings had their own
Relief for Furnished Holiday Lettings losses post April 2025 Read More »
