Expenses
May 2026 Newsletter
As we move deeper into the 2026/27 tax year, May is often the month when April’s changes stop feeling theoretical and start becoming practical. The rush of year-end processing may have eased, but employers are now focused on issuing P60s, checking that payroll has rolled over correctly and getting ahead of benefits reporting before summer…
Read MoreApril 2026 Newsletter
As the 2026/27 tax year begins, April is one of the busiest and most important months in the tax calendar. This year, the timing feels even more pronounced because Easter falls right at the start of the new tax year, with Good Friday on 3 April and Easter Monday on 6 April in England and…
Read MoreMarch 2026 Newsletter
As we approach the end of the 2025/26 tax year and prepare for the start of 2026/27 on 6 April, March is a critical planning month for business owners, landlords and individuals. Alongside the Spring statement delivered on 3 March, several structural changes to tax administration and employment costs are coming into effect. Digital reporting,…
Read MoreBlogger’s Guide to Expenses: Essential Tips for Saving Tax
Introduction Expense tracking is an essential part of financial management for bloggers. You can save money on taxes, improve profitability, and make informed financial decisions by tracking your expenses. This involves consistently recording your expenses, categorising them appropriately, keeping receipts for verification, and regularly reviewing your spending patterns to identify areas for improvement. Understanding allowable…
Read MoreClient and Supplier Entertainment – Is It Tax Deductible?
Entertaining clients and suppliers is an important part of many companies’ marketing budgets, in order to maintain and grow business relationships. However, the tax rules on business entertainment are frequently misunderstood. In most cases, these expenses, along with business gifts, are not tax deductible, so you must add them back to Corporation Tax computations –…
Read MoreStaff Entertainment – Tax Exempt or Benefit-in-Kind?
Do you provide occasional entertainment to your employees? There’s a common misconception that staff entertainment is automatically exempt from tax – and with a lack of clear guidance from HMRC, many businesses are under-reporting it for benefit-in-kind (BiK) purposes. In this article, we’ll help you understand when entertainment is and isn’t taxable, so you can…
Read MorePool Cars – Benefits and Tax Traps
Are you a business considering the use of pool cars for your employees? Pool cars can provide numerous benefits, such as cost savings, increased efficiency, and improved flexibility. However, it’s essential to understand the tax implications associated with pool cars to ensure compliance and make informed financial decisions. In this post, we’ll explore the key…
Read MorePedal Your Way to Tax Savings: The Cycle to Work Scheme for Limited Companies
The ‘Cycle to Work’ scheme is an annual tax exemption allowing businesses to loan employees bicycles and cycle safety equipment as a tax-free benefit. The scheme has positively impacted workplace health and motivation and encouraged people to engage in physical activity. But is this scheme suitable for limited companies? Directors The ‘Cycle to Work’ tax…
Read MoreTax Guide for Content Creators and Social Media Influencers
Introduction Are you a digital entrepreneur who’s unsure about their tax responsibilities? Whether your hobby is vlogging, blogging, reviewing, or streaming, if you earn money (e.g., royalties and advertising fees) or receive gifts (e.g., products, holidays, or accommodation) from it, then HMRC could class you as having taxable income, and require you to submit a…
Read MoreClaiming Work from Home Expenses for the Self Employed
Are you a self-employed sole trader, or in partnership, and work from home? If so, you can claim work from home expenses through your Self-Assessment Tax Return. Continue reading to understand your available options, and how much you could claim. What Can the Self-Employed Claim? UK sole traders and partners have two options for claiming…
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