What are payments on account? We explain when you need to make payments on account to HMRC for your self assessment tax return Payments on account for personal tax returns (self assessment) can be one of the most confusing things to understand when it comes to your income tax bill. The personal tax year in… Read More


Leasing a van through your limited company   Question: “I run a small limited company and am planning to get a company commercial vehicle (van) through my business, but I am unclear on how the tax works, can you explain what tax relief I will get as well as any other tax issues to consider?… Read More


Limited company and sole trader differences 2019/20 In this article we are going to discuss the main differences for the 2019/20 tax year between running your business as a sole trader in comparison to a limited company, in general terms and then in regard to UK taxation (the article assumes you are a taxpayer in… Read More


Optimum Salary and Dividends 2019/20 – Limited Company Directors When you are working through your own limited company one of the key items on your tax planning should be ensuring that you are paying yourself the optimum level of salary and dividends. The advice in this article is geared towards limited company freelancers, contractors and… Read More


Autumn Budget 2018 On Monday 29th October 2018 the chancellor of the exchequer, Philip Hammond, delivered the 2018 Autumn Budget. In this article, we cover the key changes from the budget that affect contractors, freelancers and modern small businesses (our core client base) over the coming years.   IR35 One of the biggest announcements was… Read More