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Director Loans can be expensive
Director loans: When borrowing from your company can be expensive Convention has it that in times of high interest rates, borrowing from…
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SDLT & mixed use properties
Stamp duty land tax (SDLT) applies where a property in England or Northern Ireland is sold for valuable consideration. There are different rates…
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VAT traps for small businesses
While the rules regarding VAT compliance may appear straightforward at first glance, there are several common pitfalls that can lead to problems which, if not rectified,…
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Claiming Employment Allowance
The Employment Allowance is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to…
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Reporting residential property gain
A chargeable gain may arise on the disposal of a residential property which has not been the owner’s only or main residence…
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Using ISA Allowance 26/27
Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISAs: cash ISAs; stocks and shares ISAs; innovative finance ISAs;…
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Income from FHL 25/26 Returns
Reporting income from FHLs in the 2025/26 tax return The special tax regime for furnished holiday lettings came to an end on 6 April…
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MTD Quarterly returns for ITSA
Making quarterly returns for MTD for ITSA Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is now a reality for…
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Working from home – Tax Rules
For many years, employees required to work from home could claim tax relief for additional household expenses incurred personally, even where not reimbursed by their employer. This relief recognised that…
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Filing your 25/26 return early
Benefits of filing your 2025/26 tax return early The 2025/26 Self-Assessment tax return must be filed online by midnight on 31 January…
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