We are Commited to bringing you the latest accounting and tax related News in the UK. We hope that these snippets of information help you to make informed decisions which can help you to grow your business and profits. Please feel free to contact us further and discuss any of these matters (and how they affect you and your business) in more detail.
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
