Elsa Jones Blog

• You’re not getting the tax advice you need

  There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors…
• Back to Tax Basics: Tax for sole traders and partnerships

  You don’t have to be a limited company to trade as a business. It’s possible that you’re operating already as an…
• Four Tax Preparation Tips to Follow

  If you want to avoid the stress of the tax period, follow these four simple steps to prepare your business in…
• Register for Child Benefit even if the HICBC applies

  If you are responsible for bringing up a child under 16, or under 20 where they remain in approved education or training you can claim child benefit…
• Capital Allowances 130% Super Deduction Should My Company Invest Now or Later?

  Earlier this year, you may have seen in the news – or online – talk of a new super duper 130%…
• Tax-efficient childcare

  Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from…
• Making mileage payments to employees

  As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda. Where employees undertake business travel,…
• Do I need to register for VAT?

  You must register your business for VAT if your VAT taxable turnover exceeds the registration threshold. This is currently £85,000. You…
• Tax relief on loans to close companies

  Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer shareholders or…
• Termination payments and Class 1A National Insurance

  As the Coronavirus Job Retention Scheme comes to an end, employers with employees who are still on furlough will need to…
• Claim tax relief for additional costs of working from home

  During the Covid-19 pandemic, the advice was ‘work from home if you can’. As a result, millions of employees found themselves…
• Take dividends while you can

  For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract…