Business Tax
VAT on barter and non-monetary payments
Your business sometimes sells goods and services to customers in exchange for their goods and services rather than money, i.e. a barter arrangement. How do you account for VAT on these deals?
Extracting extra income from your company
It’s that time when the Christmas financial hangover hits and your self-assessment bill is on the way, so you might need a little extra from your company to get you through. What are the most tax-efficient options?
Taking advantage of the employment allowance
If you’re worried about the cost to your business of the hike in employers’ NI from April 2025, the higher employment allowance (EA) might alleviate some of the pain. But will you qualify and are there any traps to avoid?
Need extra cash? Borrow from your company tax free
As a company owner manager if you borrow cash from your company HMRC applies tax charges on you and your business. However, it’s possible to legitimately avoid these and benefit from a tax-free loan indefinitely. What’s involved?
Tax and building a workspace at home
Antonia is a self-employed childminder. She’s having an extension built on her home in which she’ll run her business. Is she is entitled to a tax deduction for any of the construction costs?
Employers' NI rate hike: mitigating the extra cost
The news that employers' NI is to increase next year was all but known before last week's Budget. However, there were some unexpected "ifs" and "buts" to consider too. What's the full story?
Small businesses braced for extra capital gains tax burden
The 2024 Autumn Budget included a number of capital gains tax (CGT) announcements, including increases to the main rates. But why will small business owners be feeling particularly targeted?
2024 Autumn Budget: the highlights
Today we had the first Labour budget since 2010. What are the key takeaways?
Tax relief for loss-making companies
You’ve decided to wind up an unsuccessful business venture. After a good start the business has made losses in the last few financial years. What tax relief, if any, can be claimed to mitigate the losses?
Timing dividends to delay or reduce tax
The Budget is just a couple of days away with changes to the tax rules and rates on the cards. As a company owner manager who takes income mainly as dividends, you may be concerned about a hike in rates on investment income. How can you control when they are taxed to maximise tax efficiency?
Business incorporation - optimise relief for capital expenses
Your business has grown significantly and so you’ve decided to transfer it to a limited company. This will trigger special rules for recalculating capital allowances that could result in an extra tax cost. What steps can you take to avoid this trap?
Reclaim higher rate SDLT online
HMRC has made it easier for anyone who pays the higher stamp duty land tax (SDLT) rate to claim a refund where the conditions are met. What’s the full story?