Are training costs tax deductible for the self-employed?
HM Revenue & Customs have recently updated and clarified their guidance on training costs paid by the self-employed (March 2024). […]
Planning
Company reporting
The rules around information to report in company accounts are based on a couple of important factors, notably turnover and
Make use of ISAs to save tax now!
Individual Savings Accounts (ISAs) are tax-efficient savings and investment accounts that offer a range of advantages to individuals who wish
Dividend or salary – or both to extract funds from your company
What is the most efficient method of extracting funds from your company? As a director of your limited company, you
March year end approaching?
Tax planning in arrears when the accounting date has passed is severely limited; please consider the opportunities that arise within
Beware the “High Income Child Benefit Charge (HICBC)”
The above was introduced in 2013, as a “means test”. You may have to pay the High-Income Child Benefit Charge
Accounting Apps and add-ons
As well as the open banking tools, there are many hundreds of other products which can integrate with your accounting
Interest on savings
Some banks and financial institutions have recently increased rates to savers again. If the savings are held in an ISA
Paying your personal tax bills
Personal tax payments are generally made on 31 January and 31 July. Now is a good time to plan for
The Real Living Wage – increased
Employers who join the Real Living Wage scheme, set up by the Living Wage Foundation charity, make a commitment to