As we approach Christmas, thoughts naturally turn towards staff parties and celebrations. But in 2024, getting merry doesn’t necessarily mean copious amounts of booze. According to The Drink Business, almost a quarter (21%) of Christmas parties will be alcohol-free this year. So, with team-building ‘activity’ style options like axe throwing and escape rooms growing in […]
Planning a Christmas party for your staff? Here are the tax rules you need to know…
November 25, 2024 – 9:00 am
Your self assessment checklist 2023/24
April 30, 2024 – 12:47 pm
Here’s your handy checklist for getting all of your self-assessment information together for the tax year ending 5 April 2024. Remember the return needs filing and you need to have made your first payment by midnight on 31 January 2025. Access the checklist here >>> TLC-Self-Assessment-23-24
TLC Loves… taxman-friendly gifts at Christmas
October 26, 2023 – 9:00 am
With November fast approaching it’s definitely time to think about Christmas, even if you don’t actually do anything about it just yet. Most small businesses want to send a small gift to their key clients to say thanks for the business, so here are the things you need to bear in mind when ordering your […]
TLC Loves… keeping the majority of your cash in the bank when making big purchases
June 14, 2023 – 1:04 pm
With the cost of living still on the rise and Bank of England interest rates showing no sign of slowing down, are clients are rightly prioritising cashflow to make sure they can continue to operate. But despite the worrying economic environment, growth and expansion should still be on every business owner’s radar. We asked asset […]
Your self-assessment checklist 2022/23
May 4, 2023 – 12:57 pm
We’re already almost a month into the new tax year and yet it probably doesn’t feel like two minutes since you were paying your last tax bill. Now’s the time to get started on gathering your information together so we can submit your new tax return on time. You’ve probably already had a letter from […]
What’s the most tax-efficient director’s salary in 2023/24?
April 4, 2023 – 2:17 pm
The most tax-efficient limited company director’s salary for 2023/24 As we head into a new tax year we’ve been doing our homework in the background as usual to come up with the best strategy for directors’ salaries. We work on the basis of making the most of your tax allowance and taking account of things […]
What’s the optimum limited company director’s salary for 2022/23?
September 9, 2022 – 8:15 am
We get asked quite a lot of questions about the optimum limited company director’s salary and why we recommend the amount we do. Here we explain the multiple factors at play when we arrive at a figure. What do we take into account when calculating the recommended salary? It’s a complex calculation to figure out […]
TLC Loves… Electric company cars
June 29, 2022 – 1:56 pm
By now we’re all aware of the many benefits electric cars can have over traditional fuel-filled ones but making the switch to electric can still feel like taking a plunge into the unknown. As a small business owner who relies on your car, you may have questions like: ‘Will it get me from a-b without […]
Your handy self-assessment checklist 2021-22
May 4, 2022 – 1:17 pm
As usual, we’ve created a handy self-assessment checklist to help you prepare everything for your self-assessment tax return. Remember this year we won’t be doing your tax return if your details are with us any later than 15 November, so make sure you get everything together in good time. Click here to download the TLC […]
TLC for all – what’s on the menu this month!
November 25, 2021 – 4:04 pm
You’ll know by now that here at TLC, we totally love calculators and we totally love (ice) cream – which nearly works! Of course, TLC also means tender loving care. And, oh my!, how we’ve all needed a bit of that over these past two years. Whether that’s for each other, ourselves or our businesses, […]