Author: thebosslch

Company car tax – how does it work?

If you use a car for business purposes, the way your vehicle ownership is taxed depends on whether you buy a car through your company, or use your own car.

Are you allowed to run your business from home?

The answer to this much-asked question depends on where you live, whether you’re the property owner or tenant, and the kind of business you want to run.

Broadband expenses for limited company directors

Whether you work from an office or your home, the cost of broadband is one of the most commonly claimed business expenses for limited companies.

Charity and sponsorship expenses via your company

There’s a lot to be said for making a charitable donation or sponsoring a local event via your company. But how are such outgoings treated for tax purposes?

Changing accountants – how the process works in practice

As a limited company owner, there may be a time when you decide to change accountants. How does the disengagement and professional clearnace process work?

What is a dormant limited company?

Although most businesses registered with Companies House process income and expenditure, dormant companies are just standard companies that are inactive.

Does your limited company need tax investigation insurance?

By taking out tax investigation insurance, you can help to mitigate the potential cost of being investigated by HMRC which can be time-consuming and expensive.

Who can become a limited company director?

Although most can hold the position, some people are disqualified from running a company. What rules govern the appointment of a limited company director?

Does your limited company need Employers’ Liability Insurance?

Employers’ liability insurance covers your limited company for any claims made by an employee because of an injury or work-related illness or condition.

Concise guide to professional Indemnity (PI) Insurance for company directors

If you provide services to clients, you will almost certainly have heard of PI insurance. What does PI cover insure you against, and do you really need it?

Do you need an accountant for a limited company?

If you set up a limited company, do you need to hire an accountant to look after your tax affairs? Why appointing an accountant makes a lot of sense.

Company parties and events – the £150/head expenses exemption

If a company organises an annual event party for its employees, it may be eligible to claim tax relief on the costs as long as several conditions are met.