How can I save money putting a car through my limited company? The extra national insurance and personal tax created through the benefit in kind may outweigh any corporation tax and VAT savings you are going to make by putting a car through a limited company. Over the years, the exact answer to this question
Scotland Level Zero With the move to Level Zero this week Scottish businesses are still being advised to work from home where possible. Originally Level 0 contained a phased return to offices but the First Minister announced that this would be postponed due to the high levels of the virus in circulation. This is clearly
FreeAgent vs Xero As Chartered Accountants, we regularly get asked about which cloud-based accounting system is the best for their business or situation. We have over ten years of experience in all the major online accounting software packages. We have formed some pretty clear opinions on the subject. We have settled on recommending Xero to
Forecasting The Future With Xero Analytics Plus Xero have just announced a powerful new tool called Xero Analytics Plus, which is available from today. Analytics Plus is the next evolution of the existing short-term cash flow and business snapshot features with greater customisation and more accurate projections. As part of this release Xero have updated
We often get asked about what employee food and drink expenses can be included as legitimate business expenses for a Limited Company to reduce their tax bill. A scenario might be that an employee visits a client site, buys lunch, and gets their employer to reimburse them. Is this a legitimate business expense? In short,
Optimising salary and dividends for shareholders in an owner-managed Limited Company isn’t rocket science. However, many Limited Company owners are still paying themselves large PAYE salaries, potentially costing them thousands of pounds in unnecessary National Insurance payments every year. Every Company owner should be checking that they have optimized their salary and dividends every year
