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Business
Should we Treat Dairy Farm and Holiday Letting as a Single Business?
Last updated: 14 October 2026 Should a dairy farm and holiday letting be treated as one business? Usually not. Farming is a trade, but income
Tax-Deductible Training Costs
Last updated: 16 October 2026 Are training costs tax deductible? Often, yes. HMRC updated its guidance on training costs for self-employed people in 2023 because
Transitional Rules for Capital Allowances
Last updated: 16 October 2026 What changed in April 2026? The main pool writing down allowance (WDA) fell from 18% to 14% a year. The
VAT – The Annual Accounting Scheme
Last updated: 14 October 2026 How does the VAT Annual Accounting Scheme work? Under the Annual Accounting Scheme, you submit one VAT return a year
What are the Tax Rules for Employee Reward Schemes?
Last updated: 18 October 2026 What are the tax rules for employee reward schemes? Most rewards you give employees are taxable as earnings and must
What is the Best Way to Structure the New Business?
Last updated: 16 October 2026 What is the best way to structure a new business? For most new businesses, the choice is between a sole
Will Initial Franchise Fee to Start my Trading Business be Deductible?
Last updated: 16 October 2026 The question I’m about to pay a large initial franchise fee. Can I deduct any of it from my profits