Capital allowances for cars
Local accountants and tax advisers, Trueman Brown, warn businesses what capital allowances are available for expenditure on business cars. Capital allowances are a mechanism for providing tax relief for capital expenditure. Relief is generally given in the form of a...
Tax on Cryptocurrency UK 2025/26 | Trueman Brown Guide
Understanding Tax on Cryptocurrency: What UK Investors Need to Know If you're dealing with digital assets, one of the most critical things to grasp is tax on cryptocurrency — what triggers it, how much you’ll pay, and what you need to report. For the tax year 2025/26...
VAT on Business Car Purchase: HMRC Rules Explained
VAT on Business Car Purchase: What You Need to Know Claiming VAT on business car purchase can be a minefield for UK businesses. HMRC’s rules are strict—input VAT is generally blocked unless the car is used exclusively for business and not available for private use....
VAT and Bad Debts: Relief Rules & Recovery Guide
VAT and Bad Debts: A Complete Guide for UK Businesses If your business is VAT-registered, you probably know that VAT can become a headache when a customer fails to pay. In this article, we explain how VAT and bad debts work together, and how you may be able to recover...
Local Accountants Blog – Trivial Benefits
Local accountants and tax advisers, Trueman Brown, warn employers about legislation surrounding 'Trivial Benefits' which was introduced to save employers from having to report relatively small amounts given to employees as taxable on form P11D. Legislation surrounding...
Shareholder Distribution on Company Liquidation UK 2025/26
Shareholder Distribution on Company Liquidation UK: 2025/26 Tax Guide When planning a shareholder distribution on company liquidation UK, careful tax strategy can make a major difference. Whether you’re closing your business for personal reasons or winding down...
VAT on Recharged Expenses: Landlord Rules & 2025 Updates
VAT on Recharged Expenses – What Landlords Need to Know If you’re a landlord using an agent to manage your property portfolio, the concept of VAT on recharged expenses is one you can’t afford to overlook. In simple terms, when your letting agent incurs costs and then...
Rent-a-Room Scheme 2025/26 | Trueman Brown Accountants
Take advantage of the Rent-a-room scheme If you have a spare furnished room in your home, the Rent-a-room scheme could be a smart way to earn extra, tax-efficient income. Under the current rules for the 2025/26 tax year you can earn up to £7,500 tax-free by letting a...
Business Rate Relief for FHL: Save on Your Holiday Let Costs
Business Rate Relief for FHL: What Furnished Holiday Let Owners Need to Know If you own a furnished holiday let (FHL), understanding your eligibility for business rate relief for FHL could significantly reduce your property costs. With updated rules now in effect,...
Estate Planning Accountants | Trueman Brown South Ockendon
Comprehensive Guide to Estate Planning: Protect Your Wealth and Family’s Future Estate planning is essential for anyone who wants to protect their wealth, provide for loved ones, minimise tax liabilities and ensure their wishes are honoured — whether you own a...