May 12, 2024 | Limited Companies, Self Employment in UK
Corporate events are an excellent way to build teamwork, boost employee morale, and create a positive atmosphere at work. Besides the benefits associated with integration and relationship building, there are also specific financial advantages that these events can...
May 12, 2024 | Business Entertainment Expenses, Limited Companies, Self Employment in UK
Many businesses utilise various forms of business entertainment, such as shared meals, sporting events, or gifts for clients, to build better relationships and promote their services. While these activities may seem like a justified part of running a business, there...
Feb 14, 2021 | Limited Companies, Self Employment in UK, Uncategorised, VAT Returns
VAT – Flat Rate Scheme What is it? VAT is calculated as a difference between VAT from sales (output VAT) and VAT from purchases (input VAT). Sometimes a person has a refund of VAT, but many times owes Vat to HMRC. Flat Rate Scheme is a set % of VAT that has to be...
Feb 7, 2021 | Limited Companies, Self Employment in UK, Uncategorised
I don’t know how many of you knows anything about trivial benefits. Many times, as an employer, you may think how to reward your hard working employees, give them something extra, some small token and in present climate save on taxes. As an employer you can buy your...
Dec 6, 2020 | Limited Companies, Self Employment in UK, Uncategorised, VAT Returns
What is business entertainment and can we classify it as business expenses? What is classified as a business entertainment in relation to the clients: Food and drink Presents Cinema or theatre tickets Sports events tickets Entries to the clubs One would think that if...
Oct 22, 2020 | Limited Companies, Self Employment in UK
Xmas party time is almost upon us. Obviously depending on the current situation due to the Coronavirus, you may want to invite your employees to the Xmas party; if allowed. It is an exceptionally good way to show your employees appreciation and to build a team spirit....
