Get the most from a tax-free loan

There are tough rules to prevent directors overusing loans from their companies. However, it’s possible to have tax-free personal use of your company’s money for up to 21 months. How is it done? Company loan recap If you borrow money from your company there are two possible tax charges. The first is for you on … Continued


Should properties be held personally or via a company?

One of our clients has recently come into a substantial amount of money via an inheritance. She is looking to build up a rental property portfolio, and wants to know whether to do this via a company. What did we advise? Windfall Our client was the sole beneficiary of her late mother’s estate, including several … Continued


Can I reclaim VAT on Mileage Expenses?

This is a common question I am asked by my clients. Therefore, I thought it was time I clarified whether you can indeed claim VAT back on mileage payments to you and your employees? The short answer is yes. However, how this is achieved is slightly more complicated. Just to clarify, HMRC allows employees and … Continued





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Are you ready for Making Tax Digital?

From 1 April 2019, businesses, including sole traders, will be required to use the Making Tax Digital (MTD) system to meet their VAT obligations. Are you ready? Every entity with a turnover above the VAT threshold (currently £85,000), will be required to use MTD, using compatible digital bookkeeping software. Information will be extracted from the digital records in order … Continued

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Season’s Greetings

This year has been a busy one for KPP as we have expanded our team and our offices, and 2019 is set to be even better. The political climate may be uncertain however with that comes a lot of opportunities for businesses and contractors. Our New Year’s Resolution is to speak to our clients to … Continued

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