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What’s the trouble with fuel for company cars?

If your business provides company cars you need to take extra care in accounting for the cost of fuel. Get it wrong and your business and the driver will be hit with hefty tax and NI bills. What’s the problem and how can you avoid it?

Who’s paying the fuel bill?

As fuel prices fluctuate, keeping track can be a headache, yet […]

By |January 18th, 2016|Business Tax, Company Car, Tax|0 Comments

How much can you borrow from your company?

As directors, you and your colleagues hold the company’s purse strings. You can even borrow cash from it, but if you do company law imposes conditions. What are they and do you really have to bother with them?

In theory

As a director shareholder of a small company it’s easy to think of it as your business. The trouble […]

By |January 18th, 2016|Business Tax, Tax|0 Comments

The new national living wage

Without exception, every business will have to pay employees aged 25 and over the national living wage (NLW). When does this payment rate come into force and how will it operate?

All confirmed

Although the national living wage (NLW) has been on the cards for some time, the government only published the proposed National Minimum Wage (Amendment) […]

By |January 15th, 2016|Uncategorized|0 Comments

Should your next company car be a van?

While the tax advantage of having a certain type of company van as a perk has reduced slightly, they remain tax efficient. But how do the tax charges compare to those for company cars?

Van or car?

You probably already know that manufacturers produce vehicles that cross the refinements of a car with the practical functions of […]

By |January 15th, 2016|Company Car|0 Comments

What’s new with 2016/17 tax codes?

HMRC is working out 2016/17 tax codes ready for issue in early 2016. Changes to dividend and other investment income tax rates, plus a new system for taxing benefits might mean radical changes to your code. What’s the full story?

The right code

The amount of tax you pay on your salary etc. depends on your code […]

By |January 15th, 2016|Business Tax, Company Car, Personal Tax, Property Tax, Tax|0 Comments

Buy-to-let property: the new right to rent checks

From 1 February 2016 all private landlords in England will have to conduct right to rent checks on their prospective tenants. So if you’ve invested in the buy-to-let market this will affect you. But how are such checks carried out?

Investment choice

Instead of leaving money in a bank earning a paltry rate of interest, many business […]

By |January 11th, 2016|Uncategorized|0 Comments

What can EIS do for you?

Earlier in 2015 changes to the rules for companies raising capital through the enterprise investment scheme (EIS) were announced. What effect, if any, do they have on the availability of tax breaks for investors?

EIS risk and reward

Because of the generous tax breaks it offers, EIS and its predecessor schemes have been one of the government’s […]

By |January 11th, 2016|Personal Tax, Uncategorized|0 Comments

Charity Ironman challenge – update

Training has continued to go very well indeed over the past few months even with Christmas and the New Year in between. With far too many tempting calories on offer, I have been pretty strict and only added a 1lb over the holidays.

Some of you may have been aware that I have had some
issues with […]

By |January 8th, 2016|Charity|0 Comments