A guide to writing off unpaid invoices in a limited company, including bad debt provisions, Corporation Tax relief, VAT recovery and accounting treatment.
Overdrawn director’s loan accounts: tax risks for contractors
An overdrawn director’s loan account can trigger Section 455 tax and beneficial loan rules. What you need to know and how to clear the balance.
Capital vs revenue expenses: what limited companies get wrong
Misclassifying capital and revenue expenses is one of the most frequent errors made by limited companies. We explain the difference and why it matters.
Digital and remote working expenses – what can your company claim?
Which remote working costs can limited companies claim for and how are they treated for tax purposes? Be cautious with services you also use personally.
Accommodation expenses as a limited company contractor
Accommodation costs are a common expense for limited companies, particularly for contractors and consultants who frequently travel for work.