Owning a holiday let can be expensive, with ongoing costs like maintenance, utilities, and updates to keep the property fresh and appealing. Fortunately, there are ways to make your holiday let business more tax-efficient and help you maximise profits. In this blog post, we’ll explore tax-saving strategies tailored for holiday let landlords, including choosing the […]
The Flat Rate VAT Scheme (FRS) is a popular choice for small businesses as it helps to simplify VAT reporting. However, if your business spends a minimal amount on goods, you might fall under the Limited Cost Trader category, which affects the VAT rate you pay. Let’s dive into what it means to be a
Starting and running a limited company in the UK comes with the potential for significant tax savings, and one of the key areas where this can be achieved is through claiming allowable expenses. But what exactly are allowable expenses, and how can they help reduce your corporation tax bill by claiming the right tax relief?
Allowable Expenses for Limited Companies: What Can You Claim? Read More »
If you’re a business owner, you might be considering ways to reduce overhead costs, like rent, by converting part of your home into a commercial space. Many Owner Managed Businesses (OMBs) in the UK are choosing this path. But before you get too far into the renovation plans, there are a few tax implications to
5 Tax Implications for Renovating Your Property for Business Read More »
