Illegal Dividend Tax Consequences

Illegal Dividend Tax Consequences

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...
Tax-Free Trivial Benefits – What You Need to Know

Tax-Free Trivial Benefits – What You Need to Know

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...
UK & Overseas Property Business

UK & Overseas Property Business

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...
Travel Expenses HMRC Allows: Powerful Ways to Claim More

Travel Expenses HMRC Allows: Powerful Ways to Claim More

When it comes to claiming business-related costs, understanding which travel expenses HMRC allows can save you time, stress, and money. In this guide, we break down what counts, what doesn’t, and how to handle claims correctly.  Understanding Travel Expenses  Travel...