When an employee works from home, they may incur additional costs, such as higher gas and electricity bills. The tax system offers some help where the employer meets some or all of these additional costs. However, the relief previously available to employees who met these costs themselves will be withdrawn from 6 April 2026. Expenses […]
Costs of working from home Read More »
Where an employee is provided with a company van that is available for private use, a tax charge may arise under the benefit-in-kind legislation. However, this will not always be the case. Unlike company cars, where a van benefit charge does arise, it does not depend on CO2 emissions. Instead, it is a set amount.
Taxation of company vans in 2026/27 Read More »
Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISAs: Individuals must be at least 18 to invest in an ISA. Cash ISAs may be with a bank, building society, or National Savings and Investments. Stocks and share ISAs can include shares in companies, unit trusts and investment funds, corporate bonds,
Using your ISA allowance in 2026/27 Read More »
The government has confirmed that major Companies House filing reforms will proceed, but with an important concession for small businesses. While the changes were originally expected to take effect from April 2027, implementation has now been postponed until 1 April 2028, giving companies more time to prepare. For many small company directors, these reforms represent
Making music is creative, expressive, and deeply personal.Unfortunately, tax is none of those things — and that’s where many musicians get caught out. Over the years, I’ve seen incredibly talented musicians lose money, sleep, and sometimes momentum, simply because no one ever explained the financial side in plain English. Here are the five biggest tax
The 5 Biggest Tax Mistakes Musicians Make (And How to Avoid Them) Read More »
It’s one of the most common questions we get: “Can my company pay for a garden office?” The answer is yes, partly, but the rules are more complex than they seem. Like with everything involving HMRC, there are conditions to follow and boxes to tick, so you need to know what you can and can’t
Can I build a garden office and claim it all through the business? Read More »
As a business owner, one of the most efficient ways to reduce your Corporation Tax bill—and extract value from your company—is through pension contributions. Not only do employer contributions reduce your company’s taxable profits, but they can also help you save on National Insurance and build long-term personal wealth. This article explores how contributing to
Best Way to Lower Your Corporation Tax Bill: Contribute to a Pension Read More »
As accountants, one of the most common questions we get asked by business owners is, “Can I reclaim VAT on gifts for clients or staff?” The short answer is: yes. However, like with all things when it comes to HMRC, it depends on a range of factors and, of course, adhering to specific HMRC guidelines.
Can I reclaim VAT on gifts for clients or staff? Read More »
Let’s be honest, running a business is already full-on. The last thing you need is the added stress of managing payroll. It’s not just about making sure everyone gets paid on time (although that’s important!). It’s the admin, the ever-changing tax rules, the deductions…and it all adds up, causing one giant payroll headache. So what
The benefits of outsourcing your payroll process Read More »
Ever looked at your tax bill and thought, “Where does all this money go?” If so, you’re not alone. You work hard, you pay your taxes, but what does HMRC do with it all? Here’s a breakdown so you can see exactly how your contributions are spent. First, what taxes are you paying? Before we
What does HMRC do with all the tax I pay? Read More »