Common Questions
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Are workers employees?
It is important to know whether a worker is employed or self-employed as there are many differences in the way in... -
Can my company buy me a new bicycle?
The government introduced ‘cycle to work’ back in 1999. Broadly, this is an annual tax exemption that allows a business to loan bicycles and cycle safety equipment to employees as a tax-free benefit. This tax break has had a positive impact on workplace health and employee motivation and has encouraged new groups of people to take up physical activity. But can it work for small companies?
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Can we deduct entertaining expenses?
The tax rules on the deductibility of entertaining expenses are harsh and often misunderstood – the fact that the... -
How to calculate your payments on account
The deadline for filing the self-assessment tax return for 2018/19 is 31 January 2020. This is also the date by which... -
When and how to incorporate
Over the last decade, corporation tax rates for most companies – irrespective of size - have fluctuated between 19%... -
How do I calculate my working from home expenses?
We look at best the ways of calculating working from home expenses for Limited Companies and Sole Traders.
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VAT registration – sooner or later?
Once a business is up and running, the next major administrative area to be faced often concerns the subject of VAT.... -
When should a business register for VAT?
All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay...
