After more than 15 years without a change, the government’s approved mileage rate for cars and vans has finally increased. The Chancellor announced that the rate for the first 10,000 business miles will rise from 45p to 55p per mile, with the change applying retrospectively from 6th April 2026. This is welcome news for anyone…
It is probably one of the most common questions accountants get asked. “Can I put this through the company?” Sometimes the answer is straightforward. Sometimes it is a grey area. And sometimes the answer is a very definite no. The difficulty is that there is a lot of misinformation online, particularly on social media, where…
If you have ever received an email from your accountant asking for updated ID documents, proof of address, or additional questions about your business activity, you may have wondered why it is necessary, especially if you have already been a client for years. It is one of the most common frustrations we hear from clients….
Starting a limited company is a big step. It’s exciting, but it also comes with responsibilities that can catch people out early on. We see the same issues crop up with new directors, so here are five of the most common mistakes and how to avoid them. 1. Mixing Personal and Business Money This is…
Electric company cars have been one of the most talked-about tax perks for limited company directors over the last few years. Low Benefit in Kind (BIK) rates made them incredibly tax efficient, and in some cases, almost a no-brainer. But with BIK rates gradually increasing, a lot of directors are now asking the same question:…
