As a landlord you are entitled to claim a tax reduction on the cost of the equipment you use in property rental businesses. But do you know what landlord expenses can be claimed for rental property? Many of you are missing out on tax relief that you are within your...
The HMRC has been publishing draft legislation to restrict access to the employment allowance for a tax year to employers with secondary Class 1 National Insurance contributions (NICs) liabilities below £100,000 in the previous tax year. The new restrictions will...
In most cases, the cost of entertaining is not tax-deductible, and VAT is not recoverable on expenditure. However, HMRC rules are complex, and VAT can be reclaimed in certain circumstances. So what business entertainment expenses can you claim? Is client entertainment...
Can I claim entrepreneur’s relief on shares? Entrepreneurs’ relief (ER) applies to any material disposal of business assets. This includes shares and securities. Claiming entrepreneurs’ relief reduces the amount of Capital Gains Tax payable when you sell shares...
Thinking about claiming capital allowances? Business tax relief is available on certain expenditures in the form of capital allowances. Thomas Nock Martin can provide advice on maximising tax relief for capital expenditure. At the same time, helping you bag some extra...
If your director’s loan account is in the red by the end of your company’s financial year, do you know the most tax-efficient option to manage it? Should you write it off to avoid a charge on the company? Can a director’s loan be written off? If you’re unsure of the...
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