The right way to treat entertainment and travel costs for tax purposes

October 26, 2021

Now that you can do things like taking clients or suppliers out for dinner again, you may be wondering about […]


Only 18 months to go until QUARTERLY tax returns for landlords and the self-employed

October 19, 2021

The deadline for Making Tax Digital for income tax self-assessment (more catchily known as MTD ITSA) is 18 months away, […]


With nearly £10bn in capital gains tax receipts, will the Chancellor be tempted?

October 12, 2021

According to data released by HMRC, £9.9bn in capital gains tax (CGT) receipts were raised in 2019/20. Back in 2020, […]


The new Health and Social Care levy – how will it work and who will be paying?

October 5, 2021

In September, some feathers were ruffled when the Prime Minister announced a new Health and Social Care levy, to fund […]


Unused compensation for damaged property – is tax payable?

September 28, 2021

Your trading premises suffered structural damage, for which you were compensated by your insurer before any repairs were made. But […]


How to persuade HMRC that an error on your tax return wasn’t deliberate

September 21, 2021

This is the scenario: HMRC has claimed there are deliberate (rather than careless or innocent) errors on your tax return. […]


Pre-trading expenses – are directors’ salaries tax deductible?

September 14, 2021

When you’re involved in a new business start-up, you’ll be investing a great deal of time to ensure that it […]


If you’re transferring a share of a rental property to save tax, be aware of a stamp duty surprise

September 7, 2021

Higher-rate paying landlords often give a share of their rental property to a spouse who pays income tax at the […]


People are paying more in income tax – take advantage of all your allowances

August 31, 2021

According to data from HMRC, income tax paid by the public has doubled over the past two decades. By 2019-18, […]


Taken a loan from your company? How to pay it back for optimal tax-efficiency.

August 24, 2021

If you have taken a director’s loan, you will need to clear it to avoid your company facing a tax […]