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TLC Loves… paying less tax on your company car

One of the questions we’re asked most regularly by people running a limited company is whether they should buy a car privately or through the company. We updated our guidance on that in this blog last year, as there are lots of things to take into account. However, a government announcement in the summer changed […]

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TLC Loves… being super-productive

When running your own business, getting the most out of your working hours – and those of your team – can have a real impact on the bottom line. Here are some top productivity tips…

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Personal Tax Account – how HMRC’s new system benefits you

Calculator and folder

HMRC’s Personal Tax Account gives you tax information at your fingertips. We recommend you sign up, here’s why

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TLC Loves… Keeping mobile costs in check while abroad

TLC loves saving you money while you’re on holiday. Here are some quick tips for stopping mobile phone charges racking up quicker than empty glasses at an all-inclusive bar

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TLC loves… keeping you up to date about pensions

If you provide a workplace pension it’s important to keep up to date with your obligations about how much you need to contribute, and things are about to change. But don’t worry, as always, we’ve got you covered. What’s the deal? When automatic enrolment to workplace pensions was introduced, the Government scaled the level of […]

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TLC Loves… tax breaks for trivial benefits

There’s a little-known way to reward directors and employees with vouchers that we discuss at our year-end meetings, known as trivial benefits. It’s effectively a way to reward directors and employees without them being taxed for it, so it’s a tax-efficient thing to do – and it’s also nice to treat people who work hard! […]

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TLC Loves… getting a tax break on decorating and furnishing your home office

Many of our clients work from home offices and will be used to filling in our use-of-home spreadsheet which adds up the overheads such as heating and lighting that you can claim a proportion of against corporation tax. But did you know that you can also claim expenses against your tax liabilities for furnishing your […]

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TLC Loves… making the right choice about your car

Updated – June 2018 Almost every business owner needs one, but it can be really difficult to figure out whether your car should belong to the company or to you personally. As always we’re here to help, so here’s our simple guide to understanding the rules around business mileage and company cars. Generally speaking, as […]

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TLC Loves… Making Tax Digital

Ok, so it’s probably not technically possible to love Making Tax Digital, but we do love the idea of using software to make accounting easier and knowing more about how much tax you owe sooner. The bit about Making Tax Digital that’s not so easy to love is the new requirement for quarterly reporting which […]

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TLC Loves… maybe there is such a thing as a free lunch!

Many self-employed, contractors and business owners know about subsistence – the name for what you can claim when eating and drinking at the company’s expense, but do you really know what you can legitimately claim? Here’s a quick and easy guide to when it’s a free lunch, and when you have to pick up the […]

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