By careful planning it is now possible to receive income of over £20,000 free of tax. This does not apply to everyone, but if you want to see how it is done then read on. If you are able to choose how you receive your income then, unless you have total income in excess of … Continue reading Get up to £44,000 tax free! →

Most businesses consider that a presence on the internet is essential to the growth of their business. Indeed, in some cases it is their business. The tax treatment of website development can sometimes be a bit tricky, but the good news is that you should generally get a deduction against profits for the full cost … Continue reading Website Development – Capital or Revenue →

New rules on claiming travel expenses against income are currently being enacted, and these will reduce the amount that some people can claim. Before the new rules come into effect, which eventually will be the start of the current tax year, then people working through intermediaries could treat the client’s premises as a temporary workplace. … Continue reading The New Rules For Travelling Expenses That Reduce What You Can Claim →

We have recently been asked by a number of people how long records must be kept, so we thought a quick reminder would be appropriate: Individuals Tax and accounting records must be retained as follows: People carrying out a trade profession or business must keep records until the later of the following: Where the return … Continue reading How long do I need to keep my tax and accounting records? →

So the EU referendum has come and gone. As a firm we did not try to offer any advice on this prior to the vote. We were not qualified to do so, there was plenty of advice being offered from other sources (some may even say “too much”) and there was a divergence of views within … Continue reading EU Referendum Result – our response →