I recently had a meeting with a client with an attractive designer laptop bag/handbag which got me thinking…..would it be an eligible business expense? If you run your own business you might be wondering if you can claim the cost of a handbag as a tax deduction for your business. After all, you need a…

A: If you work in construction and you invoice another business (contractor) rather than the home-owner or “end-user” then the business that is paying you is legally obliged to deduct tax from your invoice under the Construction industry scheme (CIS) rules and in this scenario, you are the subcontractor. The tax that the contractor has…

From this April 2023, the national minimum wage is going up across the board – this means there’s a 10% payrise for all affected. This means that someone full time currently earning a salary of £18,525 can expect their new salary to be £20,319 from the 1st April 2023. This is the employer’s responsibility to…

Some of the team attended an event held by Growthworks earlier in the week where we learned about funds that are currently still available to small businesses operating as limited companies in the Cambridgeshire and broader area. These range from free 121 sessions to work on your business strategy, coaching & mentoring for your staff…