How are subscriptions to professional and trade organisations treated for tax purposes? And what determines whether or not your membership of a particular organisation is tax-deductible? … [more]
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If you need to buy a new laptop or upgrade your PC software, how are these expenses treated for tax purposes? We also look at the rules which govern the treatment of computer-related purchases. … [more]
Many contractors travel from home to a temporary workplace. You should be aware of the 24 month rule which determines whether or not you can legitimately claim any travel costs. Here, we explain how the rule operates in practice. … [more]
Limited company owners cannot offset the cost of standard work clothes against tax, although there are some interesting exceptions. Here we look at how HMRC treats clothing expenses. … [more]
After 9-years of trying, HMRC have been told by the courts, yet again, that they were wrong to claim that Kaye Adams of Atholl House Productions Limited was caught by IR35 whilst working on engagements with the BBC. … [more]
The government does not grant families full child benefit entitlement when one parent earns £50,000 or more. How does this tax work, how do you pay it, and why is it so controversial? … [more]
The Chancellor's January 2024 NI cut was the headline-grabbing measure from last week's Autumn Statement. But what impact will the change have on contractors? … [more]
While working as a contractor, you may run up a number of business-related phone and broadband expenses. So, how do you ensure that these expenses remain tax-deductible for your company and free of additional personal tax charges at year-end? … [more]
Almost everyone has a smartphone these days - typically using them for both personal and business purposes. With this in mind, can you legitimately claim the costs of smart devices against your limited company's tax bill? … [more]
In the Autumn Statement, the government confirmed that it will legislate to fix the 'IR35 Offset' issue - to prevent cases of double taxation when HMRC successfully overturns an employment status decision. We asked an IR35 compliance expert to … [more]