A Payment on account is the amount of Income Tax and class 4 National Insurance that some business owners have to pay to HMRC for a...

Mistakes are easy to make, especially on your tax returns so can you amend them? Making an error on a personal tax return is not uncommon...

As we head towards the end of the year and one of the busiest sales periods for many businesses, one vital task can easily escape your...

Can you tell your annual accounts from your annual confirmation statement? They sound similar but in fact they’re quite different. What’s...

What do you need to consider when setting up a Limited company for the first time? Methods to form a company Probably the first thing to...

If you’ve spent personal funds setting up your business, what scope is there to reclaim these costs from your limited company, once it...

If you are a Contractor who trades through a Limited Company you must be aware of the IR35 rules as this could affect your tax efficiency...

The main rule is “an allowable expense should be wholly, exclusively and necessarily incurred in the performance of your day to day...

This advice is for Sole Traders not Limited Companies. This guide does not cover every type of business expense, just the ones that we...