Are entertainment costs allowable and can I claim any VAT relief?
One of the questions we always get asked by our clients is: Are entertainment costs allowable and can I claim any VAT relief?
In vast majority of cases, the cost of entertaining is not tax-deductible, and VAT is not recoverable on expenditure. However, the rules are complex, and VAT can be reclaimed in certain circumstances.
Sole Trader – is it more tax efficient to incorporate?
Are you thinking of incorporating but not sure if it would be more tax efficient to do so?
The tax rules can be complex and not easy to understand when you are not an accountant, so in this blog we will look at the tax consequences for different levels of profit and savings through incorporating. We will also explain the other factors you need to consider before incorporating
Remuneration planning for Company Directors
Sales are in and you are making a profit, but not seeing any benefit by working for yourself? It is almost as if you are an employee in someone else’s company.
It sounds like you are not aware of the various tax efficient ways of withdrawing money, but we can walk you through them.
Why do I have a poor cashflow and how can I improve it?
Desperate times asks for desperate measures…unless you plan better and then the measures are smart.
Having a poor cash flow means you don’t have sufficient income to cover all your expenses. The pandemic emphasised the need to reassess the way we do business and plan better for any unexpected changes. But what do you need to consider?
Home expenses to claim when you are self-employed: FAQs
You can get advice on allowable expenses if you are self-employed (including expenses incurred if you use your home for business such as premises, utilities, telephone and internet expenses) from Vision Accountants. Email us at firstname.lastname@example.org or call us on 0333 0505658.
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