What is the tax treatment of a business loan from Funding Circle? I run a small limited company and I am considering taking out a loan from Funding Circle or another similar peer-to-peer lender – the loan will be in the region of £50,000 – how will this loan affect tax?     Answer, January… Read More

Recharging expenses to client I am a self employed photographer and I recharge a lot of expenses back to my clients, for example items purchased for shoots. If I recharge these costs to my client do I still need to claim them on my tax return?     Answer January 2018 Recharging of expenses is… Read More

Optimum Directors Salary & Tax on Dividends 2018/19 If you operate through your own UK limited company as a freelancer, contractor or even as a small business owner, you’ll often want to use the tax planning strategy of extracting money from your company through a combination of dividends and a low salary to ensure you… Read More

Can my company pay for loft conversion? I run a limited company as a freelancer and I work from home – I am planning to convert our loft into a new bedroom and an office – can I claim some of the costs through my company?     Answer, January 2018 Loft conversion costs  … Read More

Tax-free allowance on trading income I am a graphic designer trading through a limited company but as a hobby I also personally do a little bit of buying and selling on ebay (not through my company) and make a few hundred pounds per year profit on this. Do I need to declare this on my… Read More