Cars in Limited Companies
Many employers provide their employees with company cars if their job requires frequent travel. However, the concept of company cars has become less attractive over recent years as a result of numerous tax changes. So how exactly do the tax rules work when it comes to...
Register of Overseas Entities – Now in operation
In response to a need for greater transparency regarding the ownership of UK land and property, the Government has introduced a new requirement for Overseas Entities to register with Companies House. The Register of Overseas Entities came into force on 1 August...
Taking a Break from Your Business
With the summer upon us, this seems like a good time to be reminded about the importance of taking a break from your small business. Running a business can be all encompassing and despite the flexibility and control that comes from working for yourself, in some ways...
Accounting for Sole Traders
The freedom of setting up as a sole trader and being your own boss is inevitably one of the reasons many people choose to do it, but it’s not without significant responsibility and administrative burden. However, we are here to help with this simple guide to tax and...
Employee Ownership Trusts
An Employee Ownership Trust allows a company to be owned by its employees, but what are the pros and cons for the owners, the business and the employees. Our article on EOTs explores all of these aspects, with particular focus on the tax benefits.