Understanding PRE-TRADING LOAN Rules – Sole Trader vs Company Tax Relief When starting a new business, it’s common to take out a loan to cover early expenses — perhaps to buy initial stock, pay rent or secure a deposit. However, how and when interest paid on...
Understanding VAT Payback and Clawback Rules: What Businesses Need to Know Even the best-laid business plans can change, and when they do, your VAT position might change too. The VAT payback and clawback rules are designed to reflect this reality. They ensure that VAT...
Company Cash Management and Tax Planning: How to Make the Most of Surplus Business Funds In today’s uncertain economy, some businesses have managed to build up healthy cash reserves — often more than they need for day-to-day operations. While this is a good position...
Calculating a Director’s National Insurance Contributions (2025/26) When it comes to director’s National Insurance contributions, the rules differ from those for regular employees. While employees’ NICs are calculated based on their pay intervals (weekly or monthly),...
Register for Self-Assessment: What You Need to Know for 2024/25 If you need to register for Self-Assessment and need to submit a tax return for the 2024/25 tax year, it’s vital to act early. You must register before 5 October 2025 to avoid penalties and to ensure HMRC...
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