Should I charge interest on money I lend to my own limited company? The answer is very clear, if you lend money to your company, YES, you should definitely charge interest at the commercial [...]
Why Aren’t You Taking Advantage of R&D Tax Relief? Do you fancy being on the receiving end of fat tax relief for eligible expenditure towards research and development? Don’t just assume [...]
What Are the Five- and Ten-Hour Rule for Subsistence? Meal allowances are designed to meet the extra cost incurred by someone who is travelling to work away from their normal home-office or place [...]
The need to save for retirement is being drummed home by government, encouraging the entire working population to change its attitude toward saving for old age by offering incentives. Contractors and [...]
Great Tax Savings on Pension Plans for the Self-Employed and Contractors Pensions are one of a few remaining tax breaks available to contractors and freelancers, so if you can you should invest [...]
HMRC’s Upper Tribunal Case against Former Rangers FC: 1–0 to the Taxpayer! HMRC has lost the Upper Tribunal (UT) case over tax-free loans made to staff by the former Rangers FC through its [...]
What is auto-enrolment? To ensure people save enough money for their retirement in addition to the state pension, auto-enrolment into a workplace pension scheme was introduced by government to [...]
A recent case has highlighted the potential hazard of dividend waivers as a means of saving tax between civil partners or married couples. That is not to say this strategy is never acceptable, but [...]
Tax Relief on Buying a Porche! So, you fancy a new car, and you are considering buying it through the company. Maybe your company has had a bonanza year and you can afford it. We [...]
HMRC "raking in" revenue with their new approach aimed at sector-based crackdowns HMRC has recouped an extra £850 million from their new strategy of industry-sector crackdowns and "voluntary" [...]