Why Accountants Ask for Your ID: Understanding KYC and AML Rules

Accountants and accountancy practices in the United Kingdom operate within a tightly regulated environment, particularly in relation to anti-money laundering (AML) and Know Your Customer (KYC) obligations. These requirements are designed to ensure that firms act as an effective first line of defence...Read More

Added: 29/09/2025

Company Cars: Capital Allowances, Tax Relief and Benefit-in-Kind Implications

Company cars come with a mix of tax opportunities and compliance challenges for UK businesses. When a company buys a car, it’s treated as a business asset, eligible for capital allowances that let businesses deduct the cost from taxable profits over time. However, if directors or employees use the...Read More

Added: 26/06/2025

Clothing and Tax Relief: What Business Owners Need to Know

The deductibility of clothing expenses for self-employed individuals and company directors remains a frequently misunderstood area of UK tax law. While many business owners assume that clothing worn for work is automatically allowable, HMRC takes a restrictive view, and the statutory framework reinf...Read More

Added: 20/06/2025