Employing close family – tax efficient or tax trap?

Having a spouse or your children on the payroll of your business can be tax effect as long as HMRC will wear it. Where do you stand if the taxman challenges your claim for a tax deduction? Tax deductible or not A particular area of contention between businesses and...

Maximising deductions for furnishings and equipment

If you are a residential landlord and you are in the process of completing a tax return, and have expenses that include a new kitchen and replacing the washing machine in the property. Can these costs be offset against your rental income? Fixtures or furnishings? When...

New Business Advice

Get your free advice It is common for someone to set up a business either as a sole trader or limited company without any professional advice in advance. This often means that when they approach an accountant after the end of their year end there are a lot of issues...