-
Can I Buy a Van Through My Business as a Sole Trader?
Buying a van for your business might be one of the most expensive purchases you make so you need to be armed with the full facts before making such a monumental decision. There will be tax and VAT implications when purchasing a van as a sole trader. But first, let’s start with the basics about…
-
When Did Mileage Rate Change to 45p? + Will It Increase?
Given current economic conditions, it will come as no surprise that there’s a lot of discussion around the current HMRC advisory mileage rate of 45p. In fact, there’s a petition to increase the HMRC mileage rate from 45p per mile to 60p per mile. Whether they will get the required 100,000 signatures to get a…
-
Can a Limited Company Lend Money to an Individual?
If you’re considering borrowing money from your own limited company or thinking about lending money to someone else from your business, make sure you read the following guide first. It can get messy. If a limited company is lending money to an individual other than yourself as a director, there are implications you need to…
-
Putting Personal Money into a Limited Company (How to Guide)
There are many rules, regulations, and personal considerations about putting personal money into a limited company. These rules are in place to protect you, the limited company, and its creditors. Putting personal money into the business account of a limited company, and then how it can be used and repaid will be decided by the…
-
Is There VAT on the Congestion Charge? (TFL in London)
The TfL Congestion Charge is currently set at an £15 daily tariff. Motorists can pay it and leave and re-enter the congestion charging zones as many times as they need in one day. That’s easy enough to understand, but there is confusion for business owners as to whether there is VAT on the congestion charge…
-
Do Casual Workers Need to be on Payroll as Employees?
Employment rules exist in the UK to protect both employees and employers. They have been conditioned over the years to try and make the relationship fair to both parties. If you are paying casual workers, it’s imperative you know their rights and your obligations, including queries around permanent employment and payroll. It’s very important to…
