by Lisa Dickson | Jan 29, 2017 | HMRC and tax
An introduction to the relationship between trusts and tax. Trusts are a legal arrangement whereby assets are placed into the care of an individual who manages them for the benefit of someone else. For the person placing the assets into the trust, they know that they...
by Lisa Dickson | Sep 3, 2016 | HMRC and tax
Sometimes, despite your best efforts, there isn’t enough cash in the bank when it comes to paying your VAT. So what are your options? Don’t ignore it, It won’t go away. The best, but most uncomfortable option is to ‘eat that frog’ and...
by Lisa Dickson | Jul 19, 2016 | Accounting 101, HMRC and tax
Updated in July 2016 This guide looks at claiming capital allowances to minimise your business’ tax bill. All rates and allowances correct at the time of publication. For the purpose of this article, a business may be a limited company, a partnership or a sole...
by Lisa Dickson | Jul 13, 2016 | HMRC and tax
Getting a mortgage when you are self employed or taking a directors minimum salary is a lot harder than it seems! On the one hand you are trying to build a business and investing a lot of time for very little money – one of the few upsides apart from learning to...
by Lisa Dickson | May 25, 2016 | Bookkeeping 101, HMRC and tax, Small Business Accounts
Claiming for fuel – how good record keeping can save you money. Driving a company car If you are driving a company car, it’s likely that the fuel costs are covered by your company and you are paying a taxable benefit in kind on the fuel. You don’t...
by Lisa Dickson | May 11, 2016 | Bookkeeping 101, HMRC and tax, Small Business Accounts
If you are VAT registered in the UK, it is a given that you can reclaim any VAT you might be charged by a UK supplier. Common EU Suppliers But what can you do when an EU supplier charges VAT on their invoices? The most common ones we see with our client’s...
