Should your company buy your bike?
Should your company buy your bike? Getting around a city by bus, car or taxi can be frustrating, with traffic congestion often making journeys slow …
Phoenix companies: HMRC’s tougher approach to contrived insolvencies
In November 2025, the government announced a joint strategy involving HMRC, the Insolvency Service and Companies House to crack down on what is termed ‘contrived …
Side hustles, online selling and the trading allowance: What you need to know?
Online selling and the trading allowance Whether you sell unwanted items on eBay or Vinted, rent out a property on Airbnb, freelance through online platforms, …
Simple assessments – What are they?
In the last few months, some taxpayers who possibly have had no dealings with HMRC previously have been receiving letters headed ‘Simple Assessments’. The letters …
When an incomplete VAT invoice is issued
VAT-registered businesses can generally reclaim VAT invoice on goods and services purchased for business purposes. However, for a claim to succeed HMRC requires valid evidence …
Registering late for self-employment – The tax implications
Having made the big decision to start a self-employment business, there will be countless decisions and administrative tasks to attend to. Informing HMRC of the …
Associated companies
Over time, companies or associated companies may accumulate substantial cash reserves. Whilst funds are commonly extracted through salary, dividends or pension contributions, another possibility is …
Alphabet shares – A way to reduce tax
When a company pays a dividend, all shareholders holding the same class of shares must receive dividends in proportion to their shareholdings. To pay dividends …
Alternative dispute resolution
The first indication a taxpayer may receive that they are the subject of a tax enquiry or investigation is a letter from HMRC, often headed …
The Real Cost of Artificial Intelligence for UK Businesses
Why AI Companies Burn Cash Faster Than Expected And How Smart Finance Planning Prevents It cost of Artificial Intelligence is often sold as the future …
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 …
