Understanding limited company taxes: what you need to know
If you’re setting up or running a limited company, it’s important to understand your tax responsibilities as a company director.
Trivial benefits – how to provide tax-free gifts to your employees
Trivial benefits are small perks provided by employers to employees that are exempt from tax and NI, provided certain conditions are met.
£150 per head Christmas party expense exemption for limited companies
If you’re thinking of holding a party for your company this year – you may be able to enjoy Corporation Tax relief on your expenditure.
How to avoid Corporation Tax mistakes if you’re a limited company director
Making a mistake or filing your company tax return late can cost you both time and money to fix, especially if HMRC imposes a penalty.
Big gap between HMRC interest rate on late payments vs. refunds
In what one tax advisory calls the 'elephant in the room', there is a sizeable gap between the interest rate HMRC pays on late payments and the amount of interest it pays out on tax refunds.
Claiming Business Asset Disposal Relief (BADR) – 10% rate set to rise in 2025 and 2006
Business Asset Disposal Relief (BADR) can help reduce your capital gains tax bill if you sell your business. We explain how BADR works, what the current rates are, and what the lifetime limit is for disposals.
Guide to National Insurance for small business owners
How National Insurance works for small businesses - Class 1 for limited companies, and Class 2 & 4 if you're a sole trader or member of a partnership.
Self assessment – who needs to fill in a tax return, and when is it due?
When you start a business as a sole trader or limited company director, you may need to file a tax return and pay personal tax under self-assessment.
Online platforms must provide HMRC with sales reports on ‘side hustle’ businesses
If you make some extra money via a 'side hustle' - by selling online - you should be aware that digital platforms now share information about sellers with HMRC. You might need to pay tax on any profits you make - but it depends!
VAT registration – when should you register for VAT? Try HMRC’s handy estimator
If your business's "taxable supplies" over the past 12 months have exceeded the VAT registration threshold, you should register for VAT. From April 2024, the VAT registration threshold rose from…