As professional accountants, some of the questions we’re most frequently asked by limited company owners are about tax relief. It’s often a delicate balancing act between the benefits for the company and the individual. What may surprise you is that there is one particular legal ‘loophole’ that is beneficial to both. As a director, you
Sometimes, tax bills feel like they hit at the worst possible moment. An unexpected tax bill may catch you off-guard, or life can simply get in the way. Try not to worry, though. HMRC can be helpful if you’re going through financial difficulties and may be able to offer a payment plan to give you
As a hard-working business owner, you’ll be the first to know that running a limited company comes with its fair share of responsibilities, and paying taxes is a big one. The great news is that there are several things you can do to reduce your tax bill and save money. Some of our top suggestions
Accountant not helping enough? Setting up your HMRC account is the tip of the iceburg! What help should YOU be getting from your Accountant? (3 min Quiz) For small business owners, managing various business tax responsibilities like VAT, PAYE, and Corporation Tax can be challenging, cumbersome, and time-consuming. But there is a way to manage
If you are a business owner considering selling your company, you need to know how Capital Gains Tax (CGT) works, and how an accountant can ensure you are (legally) paying the lowest amount of tax possible. It’s important to note that key changes to the way CGT operates are coming in April 2025, therefore we
Running a business isn’t always easy work, especially when balancing the day-to-day business tasks with managing finances. You may find from time to time that you need to lend money to your company or even borrow money from your company – this is what is known as a director’s loan. A director’s loan is one
So you’re a tradesman and want to grow your business! It’s tough enough running your business, so why are things like business expenses so complicated? After reading this blog, you’ll know the easiest way to do things properly and understand why. As a self-employed tradesman, operating your business involves many running costs, also known as
Are you a landlord or property investor considering selling your home? When selling real estate, it is important to understand the complexities of capital gains tax and other aspects of property accounting to ensure you are minimising how much tax you need to pay and making the most tax-efficient savings. There are several tax considerations
As a property investor, you can make significant tax savings on your investment properties by claiming them as allowable expenses on your tax return. Allowable expenses for landlords can vary for different types of investments, but ultimately, working with an experienced tax specialist can reduce your tax bill and increase your rental property income. What
In addition to building a trusted workforce and retaining your most valuable employees, providing an employee benefits package can result in significant tax savings for your limited company. Employee benefits are additional perks employees receive outside of their salary. When structured correctly, these benefits, such as private healthcare, company cars and childcare vouchers, can be
Just because you might have accountants in Nottingham doesn’t mean you have to stay with them. If they aren’t doing enough for you, helping you to save money on tax and other bills and developing your business, you should think about changing.
It’s easier than you think. It only takes a few minutes, and it could dramatically alter your business for the better.
If you want to go ahead and change accountants to Archimedia Accounts, we will have a few letters sent to you in the post, which you simply pass on to us. And we will liaise with your previous accountants to get any additional details and information we might need. That’s all it takes to get progressive, proactive accounting from a company that cares about your business and will help you to succeed even more.
