Running a business

Recently added Tips & Advice

CARS - 17.05.2024

Reduce company car tax with capital contribution

It’s time to replace your company car. A friend says that if you make a personal contribution to the cost it will be more tax efficient. The trouble is, you don’t have the cash for this. Is there still a way to achieve the tax saving?
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HAZARDOUS SUBSTANCES - 01.05.2024

How to manage chemicals with H360 hazard statement

There’s a huge variety of chemicals used in the workplace, and each must be supplied with a safety data sheet (SDS) telling you of its hazardous properties. If you use a substance with an H360 hazard statement, what are the particular risks and what should you do to control them?
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VAT - 01.05.2024

Leasing cars - what are the VAT pros and cons?

You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Are they correct?
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INSURANCE - 23.04.2024

Is annual review of your system necessary?

Annual review. Your insurer has stated in its terms and conditions that you “must” complete an annual review of your health and safety documentation. Is this a legal requirement and what would happen if you didn’t comply with their terms? Breaking terms and conditions. Whilst it is a legal requirement to hold valid employers’ liability insurance cover, there’s no legal requirement to complete an annual review. However, be wary about ignoring the request as doing so could invalidate your insurance cover. Tip. Contact your insurance provider if you’re unsure who or what is covered as well as what actions you’ll need to take to comply with the terms and conditions. ...
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FIRE SAFETY - 02.04.2024

Fire extinguisher guidelines updated

When determining how many fire extinguishers you need, their type, size and location, the most important source of guidance is the British Standards document BS5306-8. What changes were introduced in the latest update?
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COMPANY LAW - 02.04.2024

What’s new at Companies House?

The latest set of Companies House (CH) reforms aim to improve the reliability of the Register of Companies and help combat fraud. 4 March saw the first major implementation phase. How does this affect companies?
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Running a business

Most read Tips & Advice

VAT - 18.03.2024

Leasing cars - what are the VAT pros and cons?

You’re considering leasing instead of purchasing cars for your business. This will improve cash flow and, according to the salesperson, allow you to reclaim VAT that you would not otherwise be entitled to. Are they correct?
Read more

BUDGET - 18.03.2024

Good Budget for business?

While most of the headline Budget announcements affect individual taxpayers, lurking in the small print are a few changes for businesses. Will they impact you?
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CARS - 05.03.2024

New fuel rates for cars and double-cab pickups

Company cars. HMRC’s advisory fuel rates (AFRs) can be used to prevent a taxable benefit in kind for fuel being triggered if an employer provides a car to an employee or director. Note that some double-cab pickups continue to count as cars for tax purposes despite HMRC’s recent attempt to recategorise them as vans (see The next step ). ...
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