With the cost of running a vehicle continuing to rise, many business owners and employees will welcome HMRC’s increase to the approved mileage rates from 1 April 2026. If you use your own car for business journeys, this change means you may now be able to claim a little more towards the cost of fuel,
Category Archives: Corporation Tax
Allowable Limited Company Expenses, Tax Planning & Saving Tips
The easiest tax-saving director hacks for your Limited Company
Running a limited company comes with plenty of opportunities to save tax legally and efficiently. Here are some of the easiest and most commonly missed director expenses and exemptions for the 2026/27 tax year. 1) Use of home office If you work from home and your company does not provide you with an office,
Allowable Limited Company Expenses, P11D's
Benefits in Kind: Medical insurance – staff perk or extra admin?
When businesses start offering perks like private medical insurance, it’s a big win for employees. But from a tax perspective? It’s not quite as simple as “just a perk”. At DNA, we’ve recently introduced a medical insurance policy for our team, so this felt like the perfect time to write a blog about what this
Allowable Limited Company Expenses, Corporation Tax, P11D's, Self-Assessment/ Personal Tax, Tax Planning & Saving Tips
Which business insurances are tax-deductible (and which aren’t!)
Running a business is full of risks — and having the right insurance is part of smart, responsible planning. But did you know that which business insurances are tax-deductible (and which aren’t) depends on who the policy protects, how it’s paid for, and who ultimately benefits? Whether you’re a sole trader or you run a
Allowable Limited Company Expenses, Government Support & Reliefs, Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips
Entertaining staff, subcontractors and spouses – what you can (and can’t) claim as a business expense
Treating your team to a night out or saying thank you to a subcontractor can feel like a well-earned reward after a busy period. But when it comes to putting it through the books, HMRC doesn’t always share the same sense of celebration! Here’s what counts (and what doesn’t) when entertaining staff, subcontractors – and
Corporation Tax, Director’s Pay vs Dividends, Tax Planning & Saving Tips, Year-End Preparation Tips
So you want to take a dividend from your company?
Thinking about taking some money out of your limited company? Before you hit ‘transfer’, it’s worth understanding how dividends actually work — and what to check before you pay yourself. Dividends can be a brilliant, tax-efficient way to pay yourself as a business owner, but they come with a few rules and responsibilities. Let’s break
Allowable Limited Company Expenses, Automating Your Finances, Best Accounting Apps, P11D's, Self-Assessment Tips for Sole Traders
Cars and Limited companies: mileage logs vs fuel repayments (what HMRC says)
When you run a limited company, using a car for work can quickly get confusing. Should you log mileage and claim it back — or have the company pay for fuel? And what about tax? Let’s break down the limited company car mileage vs fuel benefit debate, straight from HMRC’s official rules, so you can
start-ups, Tax Planning & Saving Tips, Year-End Preparation Tips
Why Every Business Owner Should Keep Their Will Up to Date
Running a business keeps most of us busy enough without thinking too far ahead. But one of the most practical – and caring – things you can do for your family and your business is to make sure you have a Will in place, and that it’s kept up to date. It’s not the cheeriest
Changes to Tax Rates & Thresholds, Tax Planning & Saving Tips
Understanding Top Slicing Relief: Why It Doesn’t Always Save You Tax
When you cash in a life insurance bond or certain investment policies, you might face something called a “chargeable event gain.” This is the profit built up inside the policy, which HMRC treats as income in the year you cash it in. The problem? The whole gain is added to your income for that year,
I was recently asked a really good question by a client. This husband and wife couple had been running their company together for many years. The husband started the business, and over time his wife became more and more involved, eventually taking on the admin and day-to-day running. At the start, some alphabet shares were