Author: thebosslch

The tax treatment of medical and health expenses

What medical and health related expenses can your limited company offset against its corporation tax bill? Which costs are not allowable?

Can you claim the cost of work clothes on expenses?

If you are a limited company director, can you claim work clothes as an expense against your company’s corporation tax bill?

Claiming back pre-formation costs from your company

Startup costs can quickly add up and are often paid for personally. Can you reclaim these expenses back once your limited company has been formed?

Tax treatment of company hardware and software expenses

Computer hardware and software are two essential expenses for any modern business and costs can run into the thousands, but what can you legitimately claim for on your annual tax return? And how does HMRC differentiate a genuine business expense from one that benefits both the business and the individual?

Critical Illness Insurance for company directors – how does it work?

Critical illness insurance pays out a lump sum if something serious happens to you, such as being diagnosed with cancer, having a stroke or heart attack. Guide for company directors and contractors.

The tax treatment of professional subscriptions

Joining a trade association can help to keep you up to date with industry news, to find contacts, or source work. Are memberships fees tax deductible?

What is the function of Companies House and how do you interact with it?

Companies House is the government body responsible for administrating company information in the UK. Here we explain how company owners interact with the agency in various scenarios.

What are a company’s statutory registers?

All companies must keep up-to-date statutory registers and ensure they are available for inspection on request. Statutory registers include important information about the company such as the names of members and how many shares each one holds.

What are the costs of running a limited company?

There are a number of initial and ongoing costs associated with running a limited company. In this guide we look at the typical costs you will incur as a company owner.

Public liability insurance for your limited company – is it a legal requirement?

Public liability insurance is an insurance policy that protects your limited company and covers your legal costs and expenses if you have to defend yourself, and your business, against legal action.

What is the 24-month travel expenses rule?

One rule that is highly relevant to a limited company contractors in particular is the 24-month travel expenses rule. Find out more in this concise guide.

What is a limited company registered office address?

A registered office is the official address of a limited company and having one is a legal requirement for any incorporated business trading in the UK.