Aug 18, 2025 | Ltd Company, Tax, Tax Advice
Running a limited company means playing by the financial rules. One key rule is around dividends. Dividends must come from company profits. If you pay one without profits, it becomes an illegal dividend. In this blog, we explain the impact of Illegal dividend tax...
Aug 11, 2025 | Cloud Accounting, Creative Sector, Self Assessment, Self employed, Sole Trader, Tax, Tax Advice
Are you a sole trader, landlord, or both? Do you earn from property or self-employment? If yes, Making Tax Digital for Income Tax (MTD for ITSA) could soon apply to you. The rules are changing. Deadlines are coming. Preparation now will save stress later. This guide...
Aug 3, 2025 | Tax, Tax Advice
What Are Tax-Free Trivial Benefits? Trivial benefits are small perks given to employees. They’re tax-free if they meet certain conditions. Employers can give these without triggering tax or National Insurance. Think of them as small gifts, not rewards. HMRC sets...
Jul 28, 2025 | Tax, Tax Advice
Want to provide Tax-Free Health and Welfare Benefits and reduce tax liabilities? Good news. You can do both. In this blog, we explore five tax-free health and welfare benefits. These benefits help your team and keep your payroll costs efficient. Even better, they...
Jul 14, 2025 | Accountancy, Tax, VAT, Xero
Do You Need to Register for VAT? You must register for VAT if your taxable turnover goes over £90,000 in any rolling 12-month period. This rule applies whether you operate as a sole trader, a partnership, or through a limited company. If your business is based outside...
Jul 7, 2025 | Property Tax, Tax, Tax Advice
Do You Own Property in the UK or Abroad? Are you a landlord with property in the UK? Do you also rent out property overseas? Then you’re running two separate property businesses. That’s right. HMRC sees UK and overseas property as different. They see them as a...