Insights

If you’re self-employed or a landlord, a significant change is coming that will affect how you manage your taxes. Digital

If you run a limited company or receive income from dividends, either through personal investments or as a shareholder in

Benefit-in-Kind (BIK) tax applies to non-cash benefits employees receive from their employers, such as company cars or private medical insurance.

Company car benefits are a common perk for employees and directors in the UK, providing access to a vehicle for

Mortgage interest and tax relief can have a significant impact on financial planning for sole traders and partnerships. Can sole

When a director borrows money from their company and does not repay it within the designated time frame, the loan becomes overdrawn. The tax implications of such a scenario are significant, especially when it triggers a Section 455 (S455) tax charge. This article explains how an overdrawn director’s loan works, how the S455 tax is applied, and what business owners or directors can do to avoid unnecessary tax costs.

The Construction Industry Scheme (CIS) is a tax scheme in the UK that applies to contractors and subcontractors in the construction industry. If you’re a subcontractor, tax and National Insurance contributions (NICs) may have been deducted from your payments. But, if too much tax has been taken, you might be eligible for a refund. Both individual and company subcontractors can claim this refund, but they must meet certain conditions and follow the correct process.