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Claiming tax relief for employment expenses

In most cases, employees will be able to claim back any expenses that they incur in doing their job from their employer. However, where the employer will not reimburse the employee’s expenses, there may be tax relief to be had. In most cases, employees will be able to claim back any expenses that they incur […]

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Starting a business – what profits are taxed?

An unincorporated business pays tax on what is known as the `current year basis’. This means that, as a general rule, the profits for a tax year are taxed by reference to the profits for the 12 months to the accounting date that ends in that tax year. An unincorporated business pays tax on what […]

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A five-year overview for Tax if you run a Small Company

An overview of how the total tax paid by Limited Companies will change over the next four tax years, using the current tax year as a starting point. Following the announcement of a change in the tax-free dividend allowance in last week’s budget, our Director Chris Thomas has written an overview of how the total […]