Director loans: When borrowing from your company can be expensiveÂ
Convention has it that in times of high interest rates, director loans borrowing from your company is invariably more tax efficient than borrowing from other …
VAT traps for small businesses: Common compliance mistakes
While the rules regarding VAT compliance may appear straightforward at first glance, there are several common pitfalls that can lead to problems which, if not …
Working from home – The new/old tax rules
For many years, employees required working from home could claim tax relief for additional household expenses incurred personally, even where not reimbursed by their employer. …
Making quarterly returns for MTD for ITSA
Making quarterly returns for MTD for ITSA (Making Tax Digital for Income Tax Self-Assessmen) Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is …
Benefits of filing your 2025/26 tax return early
The 2025/26 tax return must be filed online by midnight on 31 January 2027. However, you do not have to wait until the deadline is …
Benefits of an alphabet share structure
Where a business is operated through a limited company, profits need to be extracted if they are to be used personally. Benefits of an alphabet …
Using your ISA allowance 2026/27
How can you use ISA allowance 2026/27 Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISA allowance: Individuals must …
Employment Allowance 2026/27 – Can you claim it?
The Employment Allowance 2026/27 is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to …
Non-resident landlords scheme
The non-resident landlords scheme (NRLS) is a tax deduction scheme for taxing UK rental income of non-resident landlords. Where the let is managed by a …
ATED returns for 2026/27
The Annual Tax on Enveloped Dwellings (ATED) is a tax on residential property owned by a non-natural person, such as a company, which is valued …
Relief for replacement of domestic items
Where a landlord lets a residential property (including from 6 April 2025 onwards, a furnished holiday let), they are not entitled to tax relief for …
Registering late for self-employment – Tax implications
Starting in self-employment can feel daunting. There may be a website to create, a business bank account to open, pricing to set and possibly premises …
