TLC Loves… Making Tax Digital
18th June 2018
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 […]
TLC Loves… maybe there is such a thing as a free lunch!
16th April 2018
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 […]
TLC Loves: Bank of Mum and Dad – when you can legitimately pay your children
14th March 2018
If you employ your adult children in your business it’s important to stay the right side of the legal line when it comes to what and how they are paid. A recent tax tribunal ruled against a company director who had been effectively paying his adult son’s allowance and claiming it as a business expense. […]
How to tell the difference between subsistence and entertaining
5th February 2018
It can be hard to figure out what is legitimately subsistence and what is entertaining, but it’s important to know as HMRC treats the two very differently. This month’s tips are about how to accurately claim legitimate business expenses around food and drink. 1 – You can claim entertaining employees as an expense, but not […]
Top tips for getting your 2018 off to a flying start
24th January 2018
It’s almost a New Year – how did that happen?! We hope you’re enjoying a lovely break with your nearest and dearest. Given it’s a natural time to think about fresh starts, here are three simple things you can do to get your business in good order to have a brilliant 2018. Update your LinkedIn […]
TLC loves… figuring out VAT on expenses
5th January 2018
Whether or not to charge VAT on expenses can be a bit tricky, so we’ve produced a handy guide to help you figure out when to pass on VAT to your clients. We can send you the document as a pdf if you’d like, just email Claire and we will send it over to you. […]
TLC loves… taking tax-efficient profits out of your business
12th December 2017
If you run a limited company you are probably familiar with the two basic ways to take money out of a profitable business – salary and dividends. Since 2016 the government has made a range of changes which make it not quite as attractive as it used to be to take money out of a […]
TLC Loves… keeping on the right side of the law
16th November 2017
You may have heard of the mysteriously-named IR35 regulations also known as off-payroll working, or you may not. Either way, if you are the owner and operator of a limited company which provides services to other companies, you should be familiar with the IR35 rules which IR35. So what exactly is IR35? IR35 is the […]
Top tips – claiming tax credits for your small business
20th September 2017
It’s mid-September already! The weather seems to be turning and we’re heading into autumn at an alarming rate. This month’s tips are all about making the most of Government schemes to get money back on your tax bill – known as tax credits. 1 – You might be eligible for Research & Development tax credits if […]
TLC loves… hiring the right talent – 5 top recruitment tips (guest blog)
11th September 2017
Most of us agree that hiring the right people is critical to the success of our businesses. Granted, the environment we create and the way we lead our employees are also important factors but we must start by making the right hire. Today’s blog is brought to you by Middletons Assured Talent, experts in IT, […]