Phone us or request a callback

tax

a cartoon giant orange company car parked in the car park of a small business

Company cars: What small businesses and contractors should know

Leave a Comment / Contractors, Small Business, Tax Planning, Uncategorised

Are you driving into 2025/2026 tax-efficiently? Allowable benefits, such as company cars, are affected by things like Benefit-in-Kind and National Insurance Contribution rates. Business is changing all the time and small businesses and contractors need to stay on top of these latest tax considerations to keep their businesses cruising smoothly. Whether you’re driving around town […]

Company cars: What small businesses and contractors should know Read More »

two business partners putting together to giant jigsaw puzzle pieces for a blog post about giving your partner shares in the business from Companion Accountancy

Should I give my partner shares in the company?

Leave a Comment / Contractors, Limited Company Directors, Small Business, Uncategorised

It’s a question we’re asked a lot at Companion Accountancy. So, we’re going to answer honestly and transparently. Whether you’re a small business owner or contractor, understanding the implications is essential. Ultimately though, it is a decision that is best arrived at by you and only you as it largely depends on your comfort within

Should I give my partner shares in the company? Read More »

UK landlord learning about how his rental income is taxed

Understanding how your rental income is taxed

Leave a Comment / Uncategorised

Earning rental income can be an excellent way to build wealth and achieve financial independence, but it comes with responsibilities. Especially when it comes to taxes. Whether you’re a seasoned landlord or just starting with your first property, understanding how your rental income is taxed is essential to staying compliant and maximising your profits. Here,

Understanding how your rental income is taxed Read More »

'changes for business in 2025: updates for small business owners and contractors' written amongst misty clouds

Changes for business in 2025: Updates for small business owners and contractors

Leave a Comment / Contractors, Small Business, Uncategorised

As 2025 approaches, small business owners and contractors need to stay informed about key regulatory changes that could affect their finances. These changes stem from announcements made in the Autumn Budget of October 2024. The government outlined key fiscal updates aimed at balancing economic growth with environmental and social priorities. Understanding how these updates affect

Changes for business in 2025: Updates for small business owners and contractors Read More »

Someone taking a selfie at a festive dinner table with fellow employees at a work Christmas party

How to claim a work Christmas party as a tax-deductible expense

Leave a Comment / Accounting and Company Tax, Limited Company Directors, Small Business, Uncategorised

Christmas is a-coming and the work party is sounding expensive! But did you know that HMRC allows you to claim your work Christmas party as a tax-deductible expense? The work Christmas party might be a love it or hate it kind of social event amongst staff, but without one, your staff could end up feeling

How to claim a work Christmas party as a tax-deductible expense Read More »

Missed the Self-Assessment tax return deadline?

Leave a Comment / Contractors, Freelancers, Self Employed, Small Business, Uncategorised

Don’t panic. Contractors and small business owners in the UK who missed the self-assessment tax return deadline on October 31 still have the chance to submit! There is also an online deadline of January 31, so there is still time to get everything sorted. Here’s what you need to know, the steps you need to

Missed the Self-Assessment tax return deadline? Read More »