General Business Questions
Business structure - we take a look at the pros and cons of a limited company v's a sole trade structure.
Sole trade expenses - what expenses can I claim as a sole trader?
Tax rates - tax rates, thresholds & allowances
Training courses - can I claim training costs through my business?
Charitable donations - what criteria need to be met when making a donation to charity from a limited company
Company addresses - an explanation of the different types of company address.
Company car - is it best to buy a car through my company or personally?
Company expenses - what expenses can I claim as a limited company?
Company tax planning - we show you how it's possible to reduce your personal tax liability when trading through a company.
Director responsibilities - we take you through your responsibilities as a new company director with Millward, May & Co.
Director salary - what is the best salary and dividend to pay myself as a director/shareholder?
IR35 legislation - designed to prevent tax avoidance by contractors who provide their services through a limited company but who are actually acting as an employee.
Maternity allowances - there are two types of maternity leave potentially available to company directors.
Personal Tax Questions
Benefit in kind - a list of common benefits provided to employees by their employer.
Mileage - is your employer paying you less than 45p per mile for business mileage in your personal car?
Pensions - there are two types of pension - we compare a ‘salary sacrifice’ pension to a ‘relief at source’ one.
Rental property - we look in to whether it's more tax efficient to own rental property personally or through a company.
Tax code - what does my tax code mean?
Flat rate scheme - what is the flat rate VAT scheme and should you be on it?
Rechargeable costs - if your customer agrees to pay for your expense costs (e.g. travel, food, mileage) there is a common mistake that businesses make when invoicing their customers.
Registration - is it beneficial for my business to become VAT registered?
Services (not goods) abroad - do I need to charge VAT on my services supplied to an overseas company?