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TLC Loves: Reducing Your Corporation Tax Bills

If you’re familiar with us here at TLC, you’ll know that we love helping our clients to reduce their corporation tax bills. For many clients the company year-end is fast approaching, so now is the time to take action and save on your corporation tax bill.  You’d be forgiven if your eye has wandered off […]

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All our Covid-19 updates

We’re working hard to bring you updates on useful stuff related to running a business or working for yourself and Covid-19. More and more people are asking questions about a variety of things, so we’ve pulled together all of the updates here on one page to make it easier to direct people to the information. […]

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Hubdoc vs ReceiptBank – why we still think ReceiptBank is worth paying for

Calculator and expenses paperwork on a desk

If Hubdoc is free, why do we still think ReceiptBank is worth paying for? Here we’ve looked at both apps and explain the reasons why… Time-saving expense apps are worth their weight in gold! As you know TLC loves anything which can save our small business clients time. So using an app to manage your […]

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What are challenger banks and why would you consider one for your small business?

You might have heard of challenger banks but aren’t entirely sure what the phrase means. So what are challenger banks and why would you consider one for your business? What’s a challenger bank? Technically a challenger bank is any that isn’t operated by the “big four” banking groups – Lloyds, HSBC, Barclays and NatWest Group, […]

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Planning a Christmas party for your staff? Here are the tax rules you need to know…

Party balloons with ribbons on a ceiling

As we approach Christmas, thoughts naturally start to turn towards staff parties and celebrations – although thanks to the Coronavirus pandemic, your 2020 office Christmas party may look a little different to usual. This year you may decide it’s better to hold your party virtually, instead of the usual bar, restaurant or hotel-based Christmas do […]

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Importing and exporting after 1 January – what small businesses need to know

Until now, trading with other countries in the UK has been relatively easy. There have been no customs checks, not a huge amount of paperwork and no tariffs on goods. That is all likely to change on 1 January 2021, but exactly how is unclear until a deal is reached – or not reached – […]

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IR35 in the private sector – get ready for April 2021

If you’re a contractor you’re likely to have heard of IR35. It previously only applied to the public sector but after several delays to the timetable, the Finance Bill made it clear that the rules will also apply to the private sector from 6 April 2021. IR35 – the basics For the uninitiated among you […]

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What start-ups should claim as expenses

Starting a business can be an expensive time. Many businesses take time to establish and don’t immediately give the owner a reasonable income, so it’s important that you claim whatever legitimate expenses you can, which will reduce your tax bill. If you’ve formed a limited company you can claim relevant expenses for up to seven years […]

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Make your limited company more tax efficient by spending before your year-end

We’ve all had lots to think about these past few months so being strategic about what you spend and when might not have been top of your list. But there are tax-efficient ways to make the most of the money in your company and mitigate your corporation tax liabilities, and you need to take account […]

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Effectively managing your personal and company tax liabilities

Nobody likes to get a big bill from HMRC. In the grand scheme of people and companies you could owe money to, they are the one institution it’s not worth playing chicken with. You will not win. But when you’re running a busy limited company, or are an in-demand freelancer, what’s the easiest way to […]

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