skip to navigationskip to main content

020 88575781


Making Tax Digital (MTD) – The Contractor’s Guide

Most contractors and company directors are aware of the changes due to be implemented from 1 April 2019 by HMRC. The main change, known as Making Tax Digital (MTD), is designed to make it easier for businesses to keep on top of their tax affairs although many people, understandably, are rather concerned about it. MTD…Read More


Common types of expenses which can be deducted from your rental income (provided you pay for them yourself) are: general maintenance and repairs to the property, but not improvements (such as building an extension or replacing a feature of the property with a much superior product) Water rates, council tax, gas and electricity Insurance, such…Read More


For tax purposes the distinction between capital and revenue expenditure is quite important. Expenditure that is capital is generally not allowable as a deduction when computing taxable profits. For example, improvements made to a property must be differentiated between repairs to existing features of the property (or replacements of existing features with a product of…Read More

Changes to tax relief for residential landlords – Who is affected?

Landlords who pay tax at the higher rate of 40% face important changes to the way mortgage interest is treated for tax purposes. HM Revenue and Customs’ newest rules will have an impact on the amount of tax buy-to-let landlords and investors will have to pay. Starting with the tax year 2017/18, you will still…Read More

Are you employed or self-employed?

The new intermediary legislation introduced on 6 April 2016 makes important changes in order to determine whether someone is employed or self-employed. For example the right to send a substitute is no longer a pointer to self-employment. Now the level of supervision, direction and control the end user is able to exercise over the worker…Read More

What is a Service Company?

This is a question which is often asked by HMRC on many of their forms. It is a tricky question because a positive answer implies that the limited company is an intermediary, the sole purpose of which is to provide services to a client by the director of the company who, without the intermediary, would…Read More

Will Buying a Company Car Ever Result in a Tax Advantage?

Most company cars can be a rather expensive luxury for a director/employee. However, CO2 low emission cars provide an interesting alternative to company owners who are also directors of their own business. You may be interested in the car benefit calculator which you will find on our website: Car and Fuel Benefits Calculator   As…Read More

Are you starting your own business?

Most people love the idea of running a business. What factors should you keep in mind before launching into a new venture? Here is some practical advice. 1. Products & Services A product or service on its own cannot create a great business. You need to understand what it is about your offering that gives you…Read More

Is the Construction Industry Scheme (CIS) due for a review?

The UK construction sector is a vital contributor to the UK economy and a key driver of growth. Despite the challenges the sector has recently faced, construction continues to be one of the largest UK sectors and a key source of the UK’s gross domestic product and employment. According to a report by the department…Read More

Cash flow: Why so important to business?

Like the body needs food so a business needs cash to live. With our body we work or we enjoy ourselves and we carry out many other activities, but it is food that powers the body. Similarly a business may have many objectives, but it is cash which makes it possible to achieve those objectives.…Read More

Should I be registered for VAT?

VAT (Value Added Tax) is a vast subject. Although the basic VAT principles are relatively easy to understand, when a business registers for VAT, it enters a new phase which will affect its procedures and the way business itself is conducted. A business registered for VAT must keep accurate records of income and expenditure, it…Read More

Why Change Your Accountant?

Changing your accountant is a serious step. One that is normally only considered when there is a breakdown in the relationship or the fees charged are too steep in relation to the service the accountant is providing. Also, a change of location may encourage someone to look for a different accountant. However, there are other…Read More

Self-Employed vs Limited Companies: The Contractors Guide

Have you ever wondered why so many people toy with the idea of setting up a Limited Company? Maybe you are thinking about it yourself. Perhaps you think it will be easier to find work or maybe you are thinking about improving your image and profile? These are important considerations. Some clients prefer to deal…Read More


Our Promises


What Our Clients Say


Meet The Team

Sign up for our newsletter