Category: Accounting Advice

Christmas party expenses guide

Christmas Gifting Expenses Guide, for Limited Companies.

Christmas is fast approaching and in the season of goodwill you may be thinking of hosting a gathering or buying a few gifts for colleagues or customers. Here’s a quick reminder of the relevant tax relief rules, so you can be generous without running into trouble with HMRC.

Taking salary and dividends

Wages and personal allowance thresholds for April 2019.

Current Tax Year ended 5th April 2019 In the current tax year ended 5th April 2019, we general advise a salary of £702 per month, depending on your additional personal income to date. Not including additional income, […]

Claiming Back Travel Expenses - 24 Month Rule

What is the 24 Month Rule?

There are numerous rules and limitations when contracting. However, one of the more important rules all contractors need to be aware of is the “24 Month Rule” when claiming expenses. What is the 24 month rule? As […]

Christmas – Tax Benefits and Expenses

With Christmas just around the corner, it is worth considering what expenses you can claim through your limited company. The “Annual Party” As a director of a limited company, you are exempt from paying tax […]