Don’t Believe Everything you Read!
Artificial intelligence (AI) apps like ChatGPT and Copilot have become very popular in recent years. AI apps are versatile, and can help with a wide range of
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Wear and Tear Allowance for Landlords | What You Can (and Can’t) Claim
As a landlord in the UK, maintaining your rented property comes with its own costs, from repairs to replacing those things that have wear and
You’re Hired!
With the growth of a business will come the need for more people to service the growing number of clients and customers. When it comes
Tax-Free Parties
Spending £150 per head (inclusive of VAT) on an annual staff function is quite common these days. However, by combining this exemption with the ‘trivial benefits’
What a Relief!
People are sometimes surprised that they can trigger capital gains tax (CGT) if they gift an asset or sell it at undervalue. Unfortunately, that is
Think Carefully About How you Use your Pension
It is standard inheritance tax (IHT) planning to write death benefits payable from money purchase (defined contribution) pension schemes into trust for one or more
A Small Seasonal Gift from HMRC
With Christmas approaching, businesses will be giving business gifts to valued customers and suppliers. But how much VAT can be claimed back on their purchase?
Giving Generously – And Tax-Efficiently!
Charitable giving is seen as a ‘good thing’ and is supported by the UK tax system with various tax reliefs designed to encourage donations. As
Let Go – Properly!
Let go – Properly! Mark McLaughlin highlights a potential beartrap when setting up a trust for family members as part of their lifetime inheritance tax
What is Section 24 for Landlords | How It Impacts Your Rental Income Tax
Most landlords were paying increased taxes, yet they were not making the right money. However, what is Section 24, and how does it really affect
How to Register for Self Assessment as Landlord & Avoid Penalties
When the tenancy agreement is signed, and the rent is actually coming in, you are now one of the UK landlords. Congratulations! However, there is
Selling Up: Which Route?
After a lifetime of grind, retirement seems particularly sweet when it’s a business which was built from the ‘ground up’ – all that effort and
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