Accountancy

Apportion dividend income with spouse / partner if close to higher rates If your “income” is £70,000 and your partner earns £15,000 per annum, then by allocating shares and a dividend to them, [...]

Directors and individuals have a legal responsibility to retain documents and records relevant to their accounting and tax affairs. Individuals  With trading or rental income need to retain their [...]

In our previous article, we talked about what the Directors Loan Account is and how it might be managed on a regular basis to ensure it does not go overdrawn. But what if you need a loan for an [...]

At certain times you may lend your company money from personal funds, such as a capital sum to start the company, amounts to cover business costs if the company is currently making a loss, or for [...]

Freelancer Expenses Guide Accommodation Hotels + Bed & Breakfasts Personal Incidental Expenses Renting Accommodation Staying with Friends or Colleagues Bicycle expenses Broadband Internet [...]

Can I purchase eye tests and glasses through my Limited Company? If you are a Director of a Limited Company and spend time each day working with a screen, you may be wondering if eye tests are an [...]

Is it more tax efficient to buy or lease a car through my company, buy privately or use the mileage allowance? The key factors are: Lease or buy Business or personal CO2 emissions of car Personal [...]

A festive benefit available to Directors is the annual Christmas Party. Providing certain conditions are met, HMRC allow limited tax relief for the cost of holding an ‘annual event’ for your [...]

The employment allowance has been increased to £3,000 this year. So what is it and how does it save me money? Each employee or Director can earn £11,000 each year before they have to pay tax, but [...]

Each employee or Director can earn £11,000 each year before they have to pay tax, but your National Insurance payments start before this, beginning when your annual earnings reach £8,060. This is [...]