Landlord Expenses: Do You Know What You’re Entitled To Claim For?
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...
Employment Allowance | Everything you need to know for your small business
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...
Business Entertainment Expenses: What Can You Claim?
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...
Claiming Entrepreneurs’ Relief On Shares (When You Don’t Own Enough)
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 in all...
Claiming Capital Allowances When Relocating Your Business
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...