Spring Statement: hard choices for challenging times

March 24, 2022

Intended as more of an update, rather than a mini-Budget, the UK’s growing cost of living crisis, along with soaring […]

What is a ‘reasonable excuse’ for tax penalties?

March 23, 2022

Having a reasonable excuse can be a get-out-of-jail-free card if you are charged a tax penalty. However, there is no […]

Keeping it in the family – tax-saving salary strategies

March 15, 2022

An easy way to reduce a business’s tax bill – and also increase the amount of funds withdrawn from the […]

Electric Vehicles & Charging Points – Brief 2022/23 Tax Guide

March 10, 2022

Electric Cars (Zero Emission) There remains a significant advantage in buying an electric (zero emission) car through a limited company […]

Gifting company shares to family for tax efficiency

March 1, 2022

If you give shares in your company to your children, to gain extra profit, this can be a way to […]

You’ve joined a club/association for local businesses – are your membership costs tax-deductible?

February 22, 2022

If you have joined a local business club/association, the line between ‘business’ and ‘pleasure’ is likely to get crossed regularly. […]

Topping up a director’s personal pension with company profits: what’s the guidance?

February 15, 2022

If you’re a director and want to top up your personal pension funds with your company’s profits, what’s the deal […]

HMRC to get new powers of investigation

February 8, 2022

On 11 January, the latest version of the Finance Bill was published, confirming that HMRC will soon be able look […]

Can medical treatment be a work expense? Know the rules and exemptions before making a claim

January 25, 2022

Imagine the scenario: you need an operation on your back, and have decided to have it done privately. Until you’ve […]

Improving the tax efficiency of joint income

January 18, 2022

A useful tax-planning tool, in some situations, is when a married couple or civil partners split their joint income for […]