Knowledge Base

General tax advice and accounting articles

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34 articles in this collection
Written by Candice Fourie and Greg Hanton

Donations to Charity

Giving to a good cause is good for the soul and the pocket - there are tax advantages if done personally or through your company.
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Written by Candice Fourie
Updated over a week ago

The £3,000 Employment Allowance

The Employment Allowance is available which can help reduce your employer Class 1 National Insurance contributions (NICs)
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Written by Greg Hanton
Updated over a week ago

Personal Tax set-up made easy

Registering for your personal self-assessment tax return
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Written by Greg Hanton
Updated over a week ago

Getting a National Insurance Number

If, for whatever reason, you do not have a National Insurance (NI) number, and you intend to work in the UK, you need to apply for one.
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Written by Greg Hanton
Updated over a week ago

The Rules of Company Loans

Rules were announced to penalise those who abuse company loans to avoid paying S455 tax
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Written by Greg Hanton
Updated over a week ago

Switching from Contract to Permanent

If you are considering moving to a PAYE job, there are a couple of things you should keep in mind when starting part way through a tax year.
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Written by Candice Fourie
Updated over a week ago

VAT and Your Company

How to get your company up and running with VAT once your VAT application has been made.
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Written by Greg Hanton
Updated over a week ago

Members Voluntary Liquidation

A guide to closing down a limited company using a MVL to extract funds as a capital gain.
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Written by Candice Fourie
Updated over a week ago

Personal Use of Company Funds

This guide explains why it is a bad idea to use your company bank account for personal purchases and cash withdrawals
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Written by Candice Fourie
Updated over a week ago

Claiming your mobile phone

The cost of your mobile phone and calls made can be a tax deductible expense for your limited company, depending on how it is set up.
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Written by Candice Fourie
Updated over a week ago

Childcare Vouchers

Childcare vouchers up to £243 a month are free from both tax and NICs if the qualifying conditions are met.
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Written by Candice Fourie
Updated over a week ago

Investing Company Funds

If you have a significant amount of retained earnings in your business, you may get a better rate of return on these funds.
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Written by Candice Fourie
Updated over a week ago

Employer for the purpose of Automatic Enrolment

Workplace pensions and automatic enrolment - how will your company be affected?
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Written by Candice Fourie
Updated over a week ago

Claiming sub-contractor costs

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Written by Candice Fourie
Updated over a week ago

VAT Penalties

You must submit your VAT Return and ensure that payment of the VAT due has cleared to HM Revenue & Custom’s (HMRC) account by the due date.
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Written by Candice Fourie
Updated over a week ago

Tax-free Childcare

Tax-Free Childcare is a new scheme which gives eligible families up to £2,000 free per child towards childcare costs.
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Written by Candice Fourie
Updated over a week ago

Claiming VAT on expenses

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Written by Candice Fourie
Updated over a week ago

A brief guide to Automatic Enrolment

This article is a brief overview of Automatic Enrolment for Pensions.
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Written by Candice Fourie
Updated over a week ago

Your responsibilities as Director

Now that you are the director of a company, there are a number of responsibilities that you cannot ignore.
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Written by Candice Fourie
Updated over a week ago

Expenses Explained

We have tried to provide as many worked examples as possible to clarify claiming expenses for you. Please ask if you need clarification.
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Written by Candice Fourie
Updated over a week ago

Tax Considerations when Leaving UK

There are IMPORTANT tax planning decisions when leaving the UK. Below we explain key points when closing your company and leaving the UK.
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Written by Candice Fourie
Updated over a week ago

Switching: Contract To Permanent

If you are considering switching to a permanent job, there are a few things to keep in mind when going PAYE part way through a tax year.
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Written by Candice Fourie
Updated over a week ago

Tax Considerations When Closing Down

Proper planning is essential to ensure you close company in the most tax efficient way. We outline the two main options below.
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Written by Candice Fourie
Updated over a week ago

Value Added Tax (VAT)

We have produced this quick guide to VAT and how it applies to our clients.
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Written by Candice Fourie
Updated over a week ago

Quick Guide to PAYE and NI

A guide to salary, PAYE and National Insurance
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Written by Candice Fourie
Updated over a week ago

Additional Shareholders

This guide provides details for adding your spouse to your limited company and highlights some of the key considerations.
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Written by Candice Fourie
Updated over a week ago

Additional Shareholders – Family members

This guide provides details for adding an additional shareholder to your limited company and highlight some of the key considerations.
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Written by Candice Fourie
Updated over a week ago

Guide to Corporation Tax

Corporation Tax is a tax on the taxable profits of your limited company.
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Written by Candice Fourie
Updated over a week ago

A Contractors Guide to Pensions

A pension is essentially a savings/investment account that you can deposit money into tax free.
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Written by Candice Fourie
Updated over a week ago

Payments to Directors and Shareholders

We have produced this quick guide to explain how to pay yourself from your limited company.
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Written by Candice Fourie
Updated over a week ago

Trivial Benefits in Kind

Legislation was introduced in 2016 to provide a statutory exemption from tax for qualifying trivial benefits in kind costing £50 or less.
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Written by Candice Fourie
Updated over a week ago

Taking a loan from your company

We have produced this quick guide to inform you of the benefits and obligations you have in taking a loan from your company.
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Written by Candice Fourie
Updated over a week ago

Taking a dividend from your company

We have produced this quick guide to inform you of the obligations you have in taking a dividend from your company.
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Written by Candice Fourie
Updated over a week ago

Relocation Costs

Where an employee has to relocate within the company then the first £8000 of removal expenses and benefits are exempt.
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Written by Candice Fourie
Updated over a week ago