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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Visit from the VAT man – would your business be ready?

VAT officers can visit your business to inspect your VAT records and make sure you’re paying or reclaiming the right amount of VAT at any time. If they turned up next week, are you confident you are ready?   Generally speaking businesses are selected for a VAT inspection by a computerised selection process based on criteria including the businesses turnover, its … Continued

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Xero add-ons – making your business simpler

Xero cloud accounting software is not a standalone product. Once you have seen the benefits and decided to move your accounting to the cloud, there are over 700 apps that integrate with Xero to help you reach your goals.   Whether you are looking for something to help deliver projects, improve cash flow, or manage … Continued

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