Tips

Buying a car through your limited company might seem like a smart financial move — but is it really the most tax-efficient option for you? From capital allowances and VAT rules to Benefit-in-Kind tax and ownership implications, there’s a lot to consider before making the leap. This post explores the real financial impact, the practical pros and cons, and the alternative options available — whether you're thinking of going electric, leasing, or sticking with a personal vehicle. Perfect for company directors and small business owners looking to make informed, strategic decisions.

Learn how the Rent a Room scheme works, what tax you might owe, and how it could affect your benefits, mortgage, or home insurance. This practical guide covers everything — from tax-free allowances to screening lodgers — so you can rent with confidence and avoid costly mistakes.

Thinking of starting a business but unsure whether to go solo or incorporate? In this post we explore the key differences between being a sole trader and running a limited company. From tax benefits and legal responsibilities to admin, liability, and how easy it is to scale — this guide shares real-world advice, personal stories, and actionable tips to help you decide what’s best for you.

Thinking of dipping into your company funds? Before you do, make sure you understand how director’s loans really work. This clear, conversational guide explains what a director’s loan is, when it becomes taxable, and how to avoid costly mistakes with HMRC. Packed with real-life examples and practical advice, it’s a must-read for company directors who want to borrow smart — and stay compliant.

Thinking of taking a break from contracting or switching to umbrella work? Learn what it means to make your limited company dormant, why it might be the smarter move than closing it, and what you still need to file to stay compliant. Simple, straight-talking advice for UK contractors and freelancers who want to keep their options open.

Employment Allowance (EA) is a valuable relief available to eligible employers in the UK, allowing them to reduce their annual National Insurance (NI) liability by up to £5,000. This initiative helps businesses manage employment costs and encourages job creation. Understanding whether you qualify and how to claim this allowance can lead to significant savings for your business.

If you're self-employed, you might have considered bringing in a family member, like your university-aged child, to help out in the business. It’s a great way for them to earn extra cash and gain experience, but when it comes to tax deductions, things can get a little tricky. Paying wages to a family member has to be done properly to stay compliant with HMRC rules.

Bringing paydays forward during the festive season is a common practice for many employers, but it comes with important Real Time Information (RTI) reporting obligations. This article examines the implications of early paydays and the correct handling of payment dates.

In this post we consider how company directors can be held personally liable for penalties imposed on the company, particularly through a Personal Liability Notice (PLN), in cases of fraud or serious negligence. We highlight situations where HMRC can issue a PLN, making directors or officers responsible for penalties related to VAT fraud, especially when the company becomes insolvent. Understanding these risks is crucial for directors to avoid personal financial liability.