Chartered certified accountants are regulated by a professional body and bound by a Code of Ethics. This means you can have total confidence in their professionalism.
Category: Tax
10 Cost-Saving Tips for Businesses
There are a number of ways businesses can save money, and it’s important to explore all the options to find the best solution for your company. Here are a few cost-saving tips for businesses: 1. Review your expenses and…
Off-payroll working rules (IR35): Repeal of the repeal…
The new chancellor Jeremy Hunt has reversed the IR35 repeal announced by the former chancellor. The new chancellar said in his statement on 17th October 2022: “We are not continuing with … the reversal of off-payroll working reforms.” This means…
VAT on Rental Income
Normally rent is exempt for VAT. When a business wants to charge VAT on rental income, HMRC needs to be notified within 30 days. When the business has opted to tax for the rental income, all of the VAT…
3 Ways for directors to withdraw money from the company
For company directors, depending on how much and how often you need to withdraw money from the company, there are 3 options: 1. Taking salaries Salaries are tax deductible for corporation tax and you can take a salary even…
Home Office for Company Directors and Tax Implications
1. If your home office is for 100% business use 1) First of all, you will need to have a formal agreement between the company and yourself stating that the home office is for 100% business use. 2) The…