Author name: John Falcon

High Income Child Benefit Charge 2024/25 update What is the High Income Child Benefit Charge? Child Benefit is a financial […]

Optimum Director Salary and Dividends 2024/25 – Limited Company Directors When you are trading through your own limited company one

Self-employed pension tax relief 2023/24 Unlike employees who usually benefit from workplace pension schemes, self-employed individuals have to take responsibility

Company Pension Contributions for Directors 2023/24 update If you work through your own limited company, it can be very tax

Corporation Tax Changes 2023 The rate at which corporation tax is charged on company profits is changing from 1 April

Optimum Director Salary and Dividends 2023/24 – Limited Company Directors When you are trading through your own limited company one

Borrowing from your limited company – director loans You are allowed to borrow money from your own limited company but

Leasing an electric car through a limited company This article is based on the rules in place at the date

Limited company directors and working from home Updated March 2024 If you are running a limited company from a commercial

IR35 Changes 2021 – April 2021 private sector IR35 update April 2021 saw some sweeping changes to IR35 for the

What are payments on account? We explain when you need to make payments on account to HMRC for your self

Leasing a van through your limited company   Question: “I run a small limited company and am planning to get

Reclaiming VAT on expenses – What can you reclaim VAT on? This article looks at some of the main rules

Distributable profits and cash I’m a contractor and a sole shareholder/director of my own limited company. There is currently £20,000

Profit and loss account explained   We hope you enjoy this article from our archives. As tax rules change a

Year end accruals and prepayments I run a small PR agency as a limited company and I am just coming

Trivial Benefits for Limited Companies   Question – I run a small limited company as a freelance designer where myself

Contractor Travel Expenses Question, Contractor Travel Expenses: I am a limited company contractor and I have been working on an

IT contractor closing down a limited company I am an IT contractor and have been trading through my limited company

Understanding a Balance Sheet “I run a small creative business and every year my accountant sends me my tax return

Is it possible to treat a garden office as a business expense to get tax relief? Question, I run a

What is the best way to claim mobile phone expenses from your limited company? Question, I am an IT contractor