Choosing the right vehicle for your business isn’t just about functionality—it’s also about tax efficiency. If you’re planning a new purchase, it’s essential to know how your vehicle will be treated by HMRC. The answer could significantly impact your capital allowances and benefit-in-kind (BIK) tax liability. From 6 April 2025, key changes will come into […]
Discover how UK business owners can save over £4,000 in taxes by legally employing their teenager. Learn 3 powerful tax benefits plus practical implementation tips for 2025.
We are building an Extension to the house for a dining room and home office . Could we put a percentage of this through the limited company ? Straight answer: Yes, potentially – but with strict caveats. Let’s break it down: 1. Company Use Must Be Exclusive and Necessary If your limited company (not you personally) is going to exclusively use part of […]
As we approach the 2025 tax year, strategic tax planning has never been more important for business owners and high earners.
Time is running out! With the April 5th tax deadline fast approaching, you have just weeks left to make 4 crucial tax moves that could save your business thousands of pounds in tax. Many business owners in the UK overpay in tax each year simply because they don’t take action in time. Once the deadline […]
In recent years, many business owners and directors have sought tax-efficient ways to extract profit from their family companies. The most common strategy was to pay a modest salary, often aligning with the £12,570 personal allowance, while taking the remaining income through dividends. The question remains – is this the most advantageous approach for saving […]
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