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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... Read more

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... Read more

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... Read more

THE NEW TAX YEAR CHECKLIST

The new tax year is fast approaching again! To ensure your business has a successful 2017, it is imperative that your to-do list is... Read more

Do you have to declare property rental income?

You’ve let out a house for years, but your total income has always been less than your tax allowance so you haven’t declared it... Read more

Limited company contractors face tax hike from dividend changes

In yesterday’s budget the Chancellor began his speech with praise for the UK’s self-employed, whom he referred to as “the lifeblood of our economy”.... Read more

New Restriction On Finance Expenses and Rental Losses

The tax relief for loan interest and other financial expenses that relates to to-let residential properties will be restricted from April 6th 2017. As... Read more

Blow for Scottish Taxpayers

Budget. In December 2016 the devolved administration at Holyrood announced its Budget. One notable announcement was that the income tax rates (20%/40%/45%) would not... Read more

Taxpayer excuses from HMRC

HMRC have released more unusual excuses from taxpayers who failed to complete their self assessment tax return on time. These include: ‘My tax return... Read more

Last Minute Fixes for your Self-Assessment

Around a million self-assessment tax returns are submitted every year in the week before the 31st of January deadline. Here’s some last minute help... Read more

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I’ve found out more from you today than in all the time I was with my previous accountant!

James Wilson, James Wilson Interiors Ltd