Tax breaks for company bikes
Employers can usually provide bicycles and cycling equipment to employees as a tax-free benefit. The...
Making the most of the £1,000 property allowance
The £1,000 property allowance is a helpful for individuals with small amounts of property income...
Is your business eligible to use cash basis accounting?
Cash basis accounting is a simplified method used by sole traders and other unincorporated businesses...
When do you pay Stamp Duty Land Tax?
Stamp Duty Land Tax (SDLT) is a tax that may apply when you buy land...
Could you save tax by making a Deed of Variation?
After someone dies, the beneficiaries may find that the way an estate has been distributed...
Budget date announced
The new Chancellor of the Exchequer, John Healey has confirmed, in a video message, that...
Are you paying unnecessary tax on foreign income?
UK taxpayers with income from overseas may not always be aware of the tax rules...
Averaging profits if income fluctuates
Some self-employed individuals experience significant fluctuations in their profits from one year to the next...
Claiming the correct tax relief for work mileage
Employees who use their own vehicle for business journeys may receive Mileage Allowance Payments (MAPs)...
Claiming tax relief on business insurance
If you are self-employed, you may be able to claim tax relief on certain business...
Are you using the best VAT scheme for your business?
Small businesses have several VAT schemes available that can simplify VAT administration and may help...
Is HMRC holding money that belongs to you?
It is important to know if HMRC is holding money that belongs to you. For...
Advising HMRC of change in circumstances
If your personal details or circumstances change, you may need to tell HMRC as this...
Self-Employed – Are your business records in order?
As a self-employed individual, whether a sole trader or partner, you must keep accurate records...
Does your business need to register as an employer?
If you are starting to employ staff or engaging subcontractors for construction work, you will...