Fur and finance – Tax compliance in animal sales
If breeding and selling animals has turned into a source of income for you, you need to make sure your earnings are declared correctly to…
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Is 2025 your year to incorporate? Here are our top tips
Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies….
What are the risks with directors’ loans?
A director’s loan is money taken out of a company by a director that is not a salary, dividend, expense reimbursement or money that has…
Sole traders – Is there a benefit to van ownership?
As a sole trader, it is only natural to look for opportunities to save money and maximise your earnings. One effective strategy is to consider…
Become an eco-conscious business – Taking advantage of Climate Change Agreements
Taking advantage of green tax reliefs is a good way to reduce how much Climate Change Levy tax (CCL) your business pays. To get these…
Confusion on savings interest – HMRC weighs in
HM Revenue & Customs (HMRC) has clarified that if your earnings from interest exceed £10,000, tax may apply depending on the account type. This clarification…