Property Accountant in Kent: What Landlords Need to Know About Company Tax
If you own rental property through a limited company, you’ve probably discovered something frustrating: general accountants often don’t know the specific rules that apply to residential landlords. Property tax has its own maze of rules, and getting them wrong can cost you thousands or trigger an HMRC enquiry years down…
Company Cars Explained: Tax, Mileage Claims, EVs, P11Ds and Common Tax Traps
Few benefits generate as many questions from directors and employees as the company car. It feels like a straightforward perk, but underneath sits a genuinely complex set of rules covering benefit-in-kind tax, capital allowances, VAT, and mileage. Get the structure right, and a company car can still be a tax-efficient…
Employment Allowance: A practical guide
Employment Allowance remains one of the most valuable National Insurance reliefs available to UK employers. However, it is also one of the most misunderstood. In particular, confusion often arises when a company has only directors on payroll or when a business transitions from a single-director setup to having more than…
Salaries and Wages in a Property Business: What Landlords Can and Can’t Deduct
Running a property business often involves more than simply collecting rent. In many cases, landlords rely on employees—full time or part time—to help manage properties, deal with tenants, arrange repairs, and handle administration. Fortunately, the tax rules recognise this reality. As a result, salaries and wages paid for genuine property…
A Complete Guide to Company Accounts (UK)
Running a limited company in the UK brings many responsibilities, and preparing company accounts sits right at the top of that list. Yet, many directors still find accounts confusing, technical, and overwhelming. This guide explains company accounts from start to finish. You will learn what company accounts are, why they…
Employee Travel Expenses: A Practical Tax Guide
Employee travel expenses remain one of the most frequently misunderstood areas of UK tax. Many employers assume that any journey connected to work qualifies for tax relief. HMRC takes a far narrower view. The tax treatment depends on the nature of the journey, the workplace involved, and the employee’s working…
Landlords: What expenses are allowable for tax?
If you are a UK landlord, understanding allowable expenses for landlords is essential to reducing your tax bill. HMRC does not tax you on your total rent received; it taxes you on your rental profit after deducting allowable rental expenses. This guide explains what expenses landlords can claim against rental income,…
Inheritance Tax Mitigation Strategies
💡 Strategies to Reduce Your Inheritance Tax (IHT) Bill 1. Start Gifting During Your Lifetime Reduce your estate’s value early by using HMRC’s tax-free gift allowances: Use your annual exemption: Gift up to £3,000 each tax year without triggering IHT. If unused, you can carry this forward one year. Give…