Month: August 2017

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Company Car or Personal Car? 3 Things You Need to Know About Company Cars

‘Shall I buy a car under a company or personal name?’ There have been a lot of questions around personal cars vs company cars, when you are a running a limited company. It is important to be aware of the different things to consider as in the end there are a number of tax consequences when you purchase a car under a company’s name. … Read More Company Car or Personal Car? 3 Things You Need to Know About Company Cars

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When and How to Claim Expenses on Travel and Subsistence

Travel and subsistence is a very simple expense but there is a lot to say about it. We will look at this in further detail and explain when you cannot claim this expense and when you can. There are also some tricks if you are running your own business to make the travel tax deductible. When You Can and Cannot Claim Travel and Subsistence … Read More When and How to Claim Expenses on Travel and Subsistence

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Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?

Are you tired of working long hours to fund your tax bill? There are a lot of people who may feel as though they would need to work more shifts in order to fund their next tax bill, this is a short-term solution but it is tiring as well. When you are working seven days a week for a month you will have an … Read More Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?

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Straighten Out Your Rental Income Tax

There are more medical professional clients who are looking to start property investment. It is important to be aware of the tax implications when you rent out a property and how different it is tax-wise when you rent it out. This is a guidance focusing on when you do not have to declare rental income in your tax return, buy-to-let tax changes and options … Read More Straighten Out Your Rental Income Tax