Tax Tips

A lot of people hear VAT, think 20% and stop there. However, there is an alternative way for small businesses to work out how much VAT they need to pay HMRC, and this is called the VAT flat rate scheme, its often shortened to VAT FRS. It is designed to help small businesses reduce their […]

Despite what some people may believe there is a wide range of reasons other than being self employed that may cause HMRC to ask you to complete a self assessment tax return. The most common are self employment, owning a rental property or being a director of a limited company. Below are some of the

When it comes to claiming the expense of workwear and corporate gifts it is all about using your logo! You can buy workwear with your logo on it and it will be a taxable expense. Most other clothing is not going to be allowed unless its very clearly specifically for business. Maybe you need some

R&D is a tax relief you can claim from HMRC for technical development and research projects and it well worth looking into if you think you could be eligible. We hooked up with Simon Bulteel from Cooden Tax Consulting to get his top tips for R&D as its an area that is definitely worth exploring,

The tax year end is also rapidly approaching, what do you need to do to make sure you’re prepared? The new tax year is looking to be a bit of a beast with the new tax rates incoming. Very helpfully we still don’t know for certain what is coming in April. Which is really ace

Its tax tips time again, and this time we’re talking Research and Development (R&D).  Full disclosure up front on this one – its something we want to make sure all our clients are aware of, but it’s not something we can help with. R&D is an area that can save you a whole bunch of

A lot of people are thinking about buying electric cars through their limited company so here is the run down of how it works and the key things to consider. Remember… You don’t have to run out and sell your car and buy a snazzy electric vehicle. If you have a car you own personally

You’ve likely heard the rumblings and rumours about Making Tax Digital for Income Tax Self Assessment (MTDITSA) being on the way. We purposely haven’t said too much about it up to this point. Mostly because HMRC keep changing their minds about exactly when it will begin, so why worry you when we don’t have a

Director’s loan accounts, also known as the DLA. You will have heard director’s loan accounts mentioned at some point in your limited company journey. For most directors of small businesses they’re a pretty day to day thing. But, just because we talk about them all the time and you’re using them, doesn’t mean you actually