Business

Freelancers can claim deductions for expenses that are incurred wholly and exclusively for the purposes of their business.

Dividends are a great way to extract profits from your personal or family company, but

To encourage employers to employ armed forces veterans, a new relief was introduced with effect from 6 April 2021 where an employer took on an armed forces veteran in the first year of their first civilian employment since leaving the armed forces.

A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends.

From 6 April 2023, the dividend allowance is to fall to £1,000.

Many businesses view entertaining clients and customers to be an important part of their marketing budgets

HMRC are currently taking an inordinately long time to issue VAT registration numbers.

Corporation tax is being reformed from 1 April 2023.

A free business account for small businesses that gives you access to FreeAgent accounting software for free.

Today, Jeremy Hunt announced the following measures:

• Further support with energy bills

• Expanded free childcare for children aged nine months to four

• The abolition of the pension lifetime allowance

• Climbing corporation tax