If you are a Sole Trader buying a car through your business can be tax-efficient. However, remember that you cannot claim for buying personal items through your business. This means you’ll only ever be able to claim the business use portion, and if HMRC asks you’ll need to
The 2021 Spring Budget introduced two types of enhanced allowances for companies incurring capital expenditure from 1 April 2021 to 31 March 2023. But for organisations with a year-end other than 31 March 2023, expenditure will need to be incurred earlier than that in order to get the full 130%
Tax-deductible Landlord Expenses Checklist Taxes can be complicated, especially when it comes to deductions. Use this handy checklist to see if you have forgotten to claim any of these revenue expenses in your tax return. At the end of the checklist you will find some general tax considerations and some
A £50 gift to yourself and your staff! If you are a Limited company, then you can give yourself a gift at Christmas as the company is giving the gift and not you! You can also give gifts to your employees. The limit is £50 and counts as a trivial
27th September 2022 Welcome to our latest monthly tax newsletter. We hope you enjoy reading and find it useful. Contact us if you wish to discuss any issues further. Content accurate as at 23 September 2022 TEAM TRUSS CUT TAXES TO STIMULATE THE ECONOMY On 23 September 2022, Kwasi Kwarteng,