Posts Tagged: payroll

I quit! How do I close down my business?

Maybe you’ve just had a job offer that’s too good to refuse. Maybe you’ve lost the passion for what you’re doing? Maybe you’re just not making the money that you need. Maybe a new opportunity has come along? Whatever the reason, sometimes you just have to say “That’s enough, I quit!” and close down your… Read more »

Can I donate to charity through my business?

As business owners, myself included, we’re often focussed on growing sales and increasing profit, but sometimes it’s good to give as well as to receive. If you’re feeling inspired to give something back, can you donate to charity from your business? The short answer is yes – whether sole trader, partnership or limited company, you can… Read more »

Can I claim mobile phone expenses from my business?

In the good old days of the landline, sorting out phone expenses was simple, business landline at the office for business, home landline for personal. In the modern days of the smartphone, things are much less clear cut. Few people want to carry around two mobiles, one for business and one for personal, it’s much… Read more »

What’s my director’s salary for 2017-18?

What’s your magic number? Last year it was £671 or £916, but what are the magic numbers going to be this year? If you have a limited company you might recognise your director’s salary figure from last year. Now that Spring is in the air and the daffodils are blooming, it must be time for the… Read more »

New trivial benefits in kind exemption is not so trivial

We have a limited company client who are basically a lovely employer. They often give their employees little treats and perks and generally make the company a great place to work. Then we come along with our accountant’s head on and start quizzing them about the minute details of each expense to try and determine… Read more »

Lunch is on me! What can I claim for entertaining?

I’ll put it on expenses. Let me take you out to lunch.  I’ll get this. I’ll put it through the business. It sounds great and it certainly happens a lot on TV and in films, but what is actually allowed in the real world? There is a lot of confusion between subsistence and entertaining and… Read more »

Summer budget secrets and what they mean for you.

There was a lot of media coverage over the Chancellor’s summer budget with the usual discussion over average households, who will benefit and who will lose. Flying pretty much under the radar, almost unnoticed through all of this, were some budget changes that will have significant impact on small businesses in the UK. These budget… Read more »