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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Taking on the new Tax Year – looking to the future

Accountants and clients alike can share a sigh of relief as we reach the tax year-end, accounts are filed with HMRC, and everyone is ready to take on the new tax year with renewed energy and strength.   As we start the new tax year, it is important that clients reflect and take a fresh … Continued

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