Customer concentration: everything you need to know

When it comes to the health of your business, a positive number on your balance sheet doesn’t always show the full picture. While it’s important to keep a close eye on how much revenue your business generates, it’s also crucial to look at where that revenue comes from and consider if...

How to prepare your business for an HMRC tax investigation

As a business owner, the thought of an HMRC tax investigation can be quite daunting. However, our article below outlines what is involved in the process should you ever need to prepare your business for an HMRC tax investigation. It also explains some of our processes and the information we request...

Navigating company cars and the tax implications in the UK

Company cars have long been a valuable perk for employees and can offer convenience and cost savings. However, it's crucial to understand that owning and using a company car comes with tax considerations that can significantly impact your personal finances. Here are some key points to consider: Personal use of a company...

Claiming the Employment Allowance for 2023/24

The Employment Allowance is an allowance that eligible employers can claim to set against their secondary (employer’s) Class 1 National Insurance liability. The employment allowance is set at £5,000 for 2023/24, capped at the employer’s secondary Class 1 National Insurance for the year where this is less. It is not given...