As home working looks like it’s here to stay, we are being asked more and more about whether clients can pay for a garden office, or pod, through their limited company.
Claiming expenses for charging your car at home
HMRC has made a change to its policy that affects employers who reimburse employees for the electricity used to charge their company vehicles at home.
Tax Savings Using the Seed Enterprise Investment Scheme (SEIS)
Investing in small companies can feel risky – as a business person you will know that not all new ventures are a success. However, the government does offer incentives to support investors to mitigate their risk with tax savings.
What is a Personal Tax Account?
Personal Tax Accounts (PTAs) were launched in 2015 and works as an online resource to allow taxpayers to review and update their details in real time. For many routine requests and services using the PTA can avoid having to phone or write to HMRC.
Directors’ loans – tax consequences for your company
There are tax consequences for both companies and directors relating to the issue of director’s loans. We will examine below some of the implications if a company facilitates loans to a director.
Zeroing in on Xero
As you’ll know by now (we might have mentioned it once or twice!), there are big changes on the way when it comes to your VAT returns.
Should you pay tax on money or goods you inherit?
The surprising answer to this question is usually no. This is because inheritance tax (IHT) is usually levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts.
Interpreting your tax code
The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance.
Self-assessment second instalment due end of July
Taxpayers that make payments on account should be aware that the second payment on account for 2017-18 is due on or before 31 July 2018