Thinking of closing your solvent company? This friendly, expert guide explains everything UK company directors, small business owners, and contractors need to know about Members’ Voluntary Liquidation (MVL) — including timelines, tax benefits like Business Asset Disposal Relief, and the step-by-step process.
Read MoreThe routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
Thinking about becoming a sole trader in the UK? This blog post breaks down the key disadvantages you need to know before diving in. From personal liability risks and tax inefficiencies to funding challenges and limited growth potential, we explore real-world examples and practical advice to help you decide if sole trading is right for you. Learn how to protect yourself, manage your finances, and plan ahead for future business growth — all in clear, simple language.
Wondering what business expenses are actually tax deductible in the UK? This guide breaks down the most common deductible costs — from accounting software and professional fees to home office and CIS-related expenses. Packed with real-life examples, simple explanations, and actionable tips, this post helps UK business owners, freelancers, and directors confidently navigate HMRC rules and reduce their tax bill. Perfect for small businesses looking to claim the right expenses and stay compliant.
“There is no such thing as a good tax.” – Winston Churchill. Yet here we are, — faced with one all the same. If you’re self-employed or earning extra income outside your 9 to 5, Self Assessment tax is something you can’t afford to ignore. It’s not just a form to fill in. It’s a legal obligation — with real cash flow consequences if you miss it, misjudge it, or misunderstand it. But here's the good news: paying your tax bill doesn't have to be stressful. It doesn't have to be last-minute. And it definitely doesn't have to come with a side order of panic. In this guide, I’ll walk you through how to pay Self Assessment tax with clarity — not confusion. You’ll learn what to expect, when to act, and the smartest way to pay (including a method that takes less than 60 seconds). We’ll also unpack hidden traps like payments on account, how to avoid penalties, and what to do if your cash flow’s tight. Read on — your future self (and your bank balance) will thank you.
Company vehicles can be a valuable benefit, but they come with significant tax implications that employers and employees need to understand. In 2025, the tax treatment of company cars, vans, pickups, and fuel is largely based on CO₂ emissions, usage, and vehicle type. Low-emission cars, especially electric and plug-in hybrids, attract lower benefit-in-kind (BIK) charges, while diesel and high-emission vehicles are taxed heavily, up to 37% of the car's list price. Vans are generally more tax-efficient, but HMRC has tightened the definition, especially around crew-cab and dual-purpose vehicles. Fuel for private use also carries a hefty tax charge unless fully reimbursed. Staying informed on these rules is crucial for making cost-effective choices around business vehicles in the current tax landscape.
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