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 »
In today’s creator-led economy, more artists, designers, writers, filmmakers and other creatives are turning passion into business. Yet while creativity fuels innovation, the financial side is often complex, inconsistent and misunderstood. That’s precisely why a niche accountant for creatives isn’t just a luxury — it’s a strategic advantage. 1. Creative Income Isn’t “Traditional Income” Unlike
Why Creatives Need a Niche Accountant — And What That Really Means Read More »
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 »
Although the economy is said to be stagnating with little growth on the horizon, many smaller companies are doing well and have healthy bank balances. However, with the interest rate return on cash in a bank account being relatively low, some companies are looking to invest spare cash elsewhere if investing in their own company
Can one company lend to another? Tax implications Read More »
There is a stamp duty land tax (SDLT) deadline on the horizon – from 1 April 2025, there are changes to both the residential SDLT threshold and that applying to first-time buyers. Completing a purchase before that date could save the buyer £2,500 in SDLT. For a first-time buyer, the potential savings are more. Residential
Beat the Stamp Duty deadline – 1 April 2025 Read More »
The answer to this question depends on what type of professional fees have been incurred. Professional fees are income and corporation tax deductible if incurred ‘wholly and exclusively’ for the purpose of the trade, profession or business. However, they must not be capital in nature or losses not connected with/ arising out of the trade.
Are professional fees tax deductible? Read More »