Free fuel – Is it a worthwhile benefit?
Many employees see being allowed the use of their own company car as acknowledgement of their status in a company. While the employee will be …
Keeping digital records for Making Tax Digital
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will apply from 6 April 2026 to sole traders and unincorporated landlords with combined trading …
How can sole traders obtain relief for trading losses?
In difficult trading conditions, a sole trader may realise a loss rather than a profit. Where this is the case, it is important that the …
Tax implications of reimbursing employee expenses
Employees often incur expenses in doing their job and they may be able to claim these back from their employer through the expenses system. Where …
Claiming a tax refund
It is reasonable to assume that if a person pays too much tax, HMRC will automatically send the overpayment back to them. Unfortunately, this is …
Capital gains tax annual exempt amount – Use it or lose it!
The 2025/26 tax year comes to an end on 5 April 2026. If you are thinking of selling assets that may realise a gain and …
MTD for Self-Employed in London & the UK: A Simple Guide to Making Tax Digital
Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in a generation and if you’re self-employed in London or …
VAT5EXC Form Explained: How to Fill It Out for Your Small Business (UK Guide)
If HM Revenue and Customs has asked you to complete a VAT5EXC form, it usually means they want confirmation that your business does not need …
The Job Costing Mistake That Quietly Destroys Construction Profits
Many construction business owners believe their jobs are profitable. The reality is more uncomfortable. “We only find out which jobs made money at the year …
Why Profitable Construction Businesses Still Run Out of Cash and How to Fix It
Many construction business owners share the same frustration: “We’re busy, winning work, and making a profit… so why are we always short of cash?” This …
Payroll Processing Costs in London: What to Expect
One of the first questions London business owners ask when exploring payroll support is simple: how much payroll services cost? Unlike rent or utilities, payroll …
Outsourcing Payroll vs In-House Payroll in London: Pros & Cons
For many London businesses, payroll decisions evolve over time. What works when you have one or two employees can start to feel inefficient as the …
