Read More
Income from renting a garage
Earn tax-free income from renting out your garage There is a demand for garage space, particularly from tradespeople who want somewhere to…
Continue reading
Read More
Holiday lets and business rates
Although the end of the tax regime for furnished holiday lettings relieved landlords of the need to keep track of the number…
Continue reading
Read More
Using former FHL losses
From 6 April 2025, furnished holiday lets are treated in the same way as other lets for tax purposes. Landlords letting both…
Continue reading
Read More
Partners and profit shares
The tax position when partners do not receive the profit share they are allocated In a partnership, the activities are considered to…
Continue reading
Read More
VAT bad debt relief claim
Credit notes or VAT bad debt relief claim – which? Bad debts pose a significant challenge for every business. Staying on top…
Continue reading
Read More
Writing off a director’s loan
Tax implications of writing off a director’s loan Personal and family companies often make loans to directors. However, there can be tax…
Continue reading
Read More
Tax-free trivial benefits
The tax exemption for trivial benefits is a useful one as it allows employers to provide certain low-cost benefits to employees without…
Continue reading
Read More
What happens if you die intestate?
What happens to your estate if you die intestate? In an ideal world, everyone’s estate would be distributed according to their wishes….
Continue reading
Read More
Illegal dividend & tax consequences
The tax consequences of not repaying an ‘illegal dividend’ Dividends can only be declared out of a company’s available undistributed profits and…
Continue reading
Read More
Correcting errors in your VAT return
It is easy to make mistakes when completing your VAT return. However, where mistakes are made, it is important to correct them….
Continue reading