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Business
Billions Paid into Cash ISAs
UK savers deposited a record £14 billion into cash ISAs in April 2024, the highest monthly figure since ISAs were introduced in 1999. The surge
Businesses Reminded Over Final Payment Submissions
Last updated: 16 October 2026 What is the final payment submission of the tax year? The final Full Payment Submission (FPS) is the last RTI
Can a Sole Director of his Own Company be Paid for Business Travel?
Last updated: 18 October 2026 Can a sole director be paid for business travel by their own company? Yes. A sole director is an employee
Can Any Travel Expenses Be Claimed For Business Trips?
Q. My husband and I are joint partners in a business for profit sharing purposes. The work requires me to do a lot of travelling on
Can Company Claim Cost of Passport and Visas as a Business Expense?
Last updated: 16 October 2026 Can a company claim the cost of passports and visas? A company can claim visa costs when the visa is
Can I Deduct a Proportion of the Costs of Holiday from my Business Profits?
Last updated: 14 October 2026 Can you deduct some holiday costs from your business profits? Only the part that’s genuinely for business. If a trip
Can I Deduct Losses from my Sole Trader Business in the Same Tax Year?
Last updated: 14 October 2026 Can you deduct losses from your sole trader business in the same tax year? Yes. If your sole trader business
Can I Set First Year Losses Against Second Year Profits?
Last updated: 14 October 2026 Can you set first-year losses against second-year profits? Yes. A sole trader or partner can carry a trading loss forward
Can I Set that Loss Back from the Combined Music and IT Profits?
Last updated: 14 October 2026 Can your company carry back a loss against profits from two trades? Yes. If your company had two trades running
Can Selling my First Business as a Student be Taxable?
Last updated: 14 October 2026 Is selling your first business as a student taxable? Yes, being a student doesn’t change the tax rules. If you
Do I Have to Include Revenue from my New Consulting Business?
Last updated: 14 October 2026 Do you have to include revenue from a new consulting business on your tax return? Yes. If you start consulting
Do Profit from Selling Domain Name be Taxed as Income or Capital Gain?
About ten years ago I acquired all the various versions of the domain names relevant to the trading name used by my business. These domain
Is Donation to the Local Youth Club be Tax-Deductible for my Business?
Last updated: 14 October 2026 Is a donation to a local youth club tax-deductible for your business? It depends on your business structure and whether
Is it Taxable to Send Flowers to Staff from the Company?
Last updated: 14 October 2026 Is it taxable to send flowers to staff from the company? Usually not. Flowers sent to an employee for a
Is it True that I’ll get Tax Deduction for 2nd Class Travel and 2 Star Hotel?
Last updated: 18 October 2026 Do you only get tax relief for second-class travel and 2-star hotels? No. There’s no rule limiting tax relief to
Is it True that the First £100,000 of my Business Sale is Tax Free?
Last updated: 14 October 2026 Is the first £100,000 of a business sale tax-free? No. There’s no £100,000 tax-free amount when you sell a business.
Is the Cost of Lunch at Hotel to Discuss Business Plan be Tax Deductible?
Last updated: 14 October 2026 Is lunch at a hotel to discuss a business plan tax-deductible? It depends on who’s at the lunch. If it’s
Is the QCB Deferral Worthwhile?
Last updated: 16 October 2026 What is a QCB deferral? When you sell your company, part of the price is often paid later through loan
Should I Buy Property in my Own Name or Should my Company Buy it?
Last updated: 14 October 2026 Should you buy a property in your own name or through a company? It depends on your tax rate, how
Should I Incorporate my Business Making Profits of £80,000 a Year?
Last updated: 14 October 2026 Should you incorporate your business now it’s making a profit? It’s worth considering once your profits are consistently higher than