We’ve all been there. That conversation with a friend or business colleague that makes us feel like we are missing out! How could they be ‘having their cake and eating …
How to have a ‘tax efficient’ Christmas
The festive period is upon us, so what better way is there to get in the spirit than with an early Christmas present from HM Revenue & Customs? Let’s start …
What does tax deductible actually mean?
When speaking about your business with an accountant, you may have heard the phrase ‘tax deductible’ presented as a Very Good Thing. Well, the good news is, this part is …
Tax deductions for clothes, hair, make up and personal care – what’s the deal?
Are you the ‘face’ of your business. Or is your face actually your business? If so, what appearance-related expenses are tax deductible, and which are not? With increasing numbers of …
Self-employed motor expenses basics
Self-employed travel is actually more complex that many people think, so here’s our overview of the key rules. Is it relevant? As a reminder, the simple(?!) rule for whether something …
Self-employed expenses: what you can claim (mostly)
If you are just starting out as self-employed, or have been for a while, here’s a refresher on the types of expenses you can claim in your tax return. Claiming …
What is depreciation and how does it work in a small business?
In relation to a small business, depreciation means the decrease in value of something your business owns (an ‘Asset’). For example, you might own a Macbook Pro that cost £2100. …
The Super Deduction – 130% Tax Relief
Announced in the 2021 budget, the new Super Deduction measure allows you to get even more tax back than before when buying ‘the big stuff’, such as: New vans New …
Can I pay for business expenses with cash?
As business accountants this is a question that pops up all the time. In this blog, we debunk some business expenses myths and give you some practical advice on making …
Working From Home Expenses: Limited Company
If you’re a limited company and are rolling out increased flexible working, or simply want to be aware of what you can claim as working from home expenses for your …