VAT can feel like a maze for car dealers, especially when trade-ins, margin schemes, and imports are involved. This guide breaks it down in plain English, with real-life stories and case studies from UK dealerships. Learn how VAT really works in the motor trade, what mistakes to avoid, and how to make the right choices when buying or selling cars.
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.
Wondering if you can pay Capital Gains Tax (CGT) in instalments after selling your business? In this post we explain when CGT instalment relief applies, how HMRC treats deferred consideration, and why many business owners are caught out by the rules.
When planning how to finance your business, it’s crucial not only to assess the availability and suitability of funding options — but also to consider the tax implications of each. The tax treatment of business finance can significantly affect your profitability, compliance, and future decision-making. Below, we explore the tax consequences associated with various sources of business finance, from personal investment to crowdfunding and government grants.
With the rise of digital platforms and flexible working, more people than ever are generating income from “side hustles” — activities undertaken to supplement income from a main job or profession. While side hustles offer valuable financial flexibility, many individuals may not realise that this income can trigger tax or National Insurance (NI) obligations.
Many directors of small companies, particularly those who have transitioned from self-employment, often blur the lines between business and personal finances. Running all expenses through the company bank account may seem convenient, but doing so can lead to significant tax consequences. In this post, we explore the tax position when a company pays for a director’s personal expenses and provide practical insights to help business owners navigate this issue effectively.
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