Practical answers for UK business owners and accounting professionals.
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For many small companies, the first question is not whether equipment is deductible, but how quickly. The Annual Investment Allowance lets a business deduct the full cost of qualifying plant and machinery, up to £1…
Corporation Tax has two deadlines that are easy to confuse. The payment deadline and the Company Tax Return deadline are different dates. For most small companies, Corporation Tax is due 9 months and 1 day after the end…
My limited company had a serious disruption earlier this year when a burst pipe forced us out of our office for several weeks. We had to pause some client work, pay for temporary…
I run a small café in London through a limited company, and we've just finished our first full year of trading. My accountant has mentioned three separate filings: the year-end…
Every year I donate personally to our local food bank, and this year my company also sponsored a charity fun run. When I looked at the paperwork, the food bank mentioned Gift Aid…
My limited company is looking at taking a 12-month loan to buy some new equipment. I understand the equipment itself will go through capital allowances, but what about the…
I have been running one limited company for the past three years and it has been doing well. I am now planning to start a second, completely different business and I am trying to…
I am seriously considering getting a fully electric car through my limited company in the new year. The dealership talks a lot about low benefit-in-kind rates, but I want to…
Hi everyone, I am considering moving my company's year-end date so it lands in a quieter trading period. Our current December year-end always clashes with the Christmas rush and…
Hi everyone, This year looks like it will be a loss-making year for my limited company — costs are up, and I expect to make a small loss after everything is accounted for…
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