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. …
From Chaos to Control: Fixing Finance in UK Owner-Managed Businesses
Running an owner-managed business can feel like spinning plates. You are leading sales, dealing with customers, managing staff, approving payments, handling suppliers, solving problems, and …
Marginal Relief Calculator UK 2026: Formula, Examples and How to Reduce Corporation Tax
Marginal Relief Calculator Is One of the Most Important Searches for UK Companies Many UK limited companies are now paying more attention to Corporation Tax …
Van Benefit Tax UK 2026: Rules, Charges and How Directors Can Avoid Costly Mistakes
Van Benefit Is Often Misunderstood by UK Directors and Employers Many business owners assume a company van is automatically tax efficient. Sometimes it is. Sometimes …
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 …
Buying another business through a company: Tax issues to consider
Most businesses expand via recommendation; however, there may come a time when a more effective method of expansion is needed such as acquiring\buying another business. …
Tax issues when a family company splits into two
There are many reasons why shareholder-directors of private family companies may decide to split a single business into two or more separate entities and have …
Charging interest where a director’s loan account is in credit
A director’s loan account (DLA) is an accounting record that tracks funds owed by a company and its individual directors. Usually, a DLA will be …
Can a director become liable for unpaid corporation tax?
Directors of limited companies are generally not personally liable for unpaid corporation tax as limited liability usually protects them. A company is a separate legal …
Using the business to pay school or university fees
For owner-managed business to pay school or university fees through the company can appear attractive, especially if the company has surplus cash. However, tax consequences …
