With the change from one tax year to the next comes a range of different tax rates, allowances and thresholds that can change the way in which you manage your taxes. A company director is typically paid a salary from the limited company, which is calculated very specifically to maximise tax-efficiency. Should you therefore increase or decrease your salary in this new tax year?

It is natural for friends and family to want the best for you, and quite often they take the opportunity to give advice based on their own circumstances. Once upon a time incorporation was, more often than not, the sensible option for a business once it's profits reached a certain level. However, in recent years changes to tax legislation means that many of the tax breaks no longer exist. Are there any remaining related tax benefits?

If you use a car for legitimate business journeys then you are able to claim related motor expenses against your business profits, which will help reduce your overall tax bill. There are a couple of methods for doing this. One is to claim back the business related percentage of your total costs. The other is to complete a business mileage claim. Here we compare the two methods and provide a free tool to record your mileage. 

The government are soon to double the amount of free childcare available to eligible families. The childcare entitlement applies for children aged three and four, as well as most disadvantaged two-year olds. This initiative is to incentivise parents to return to work, or increase their working hours and not feel the pressure of having to support additional childcare costs.

From April 2017, tax law surrounding buy-to-let property is changing. If you own a rental property it is important you understand fully how these changes will affect your tax position. Tax relief on mortgage interest will be reduced from next week, on a tapered approach until 2020.

Working as a freelancer has many advantages, including, being able to choose your own working hours, being your own boss and wearing comfortable clothes to your home office. However, there are some downsides too, one of which is dealing with your own tax under self-assessment. The good news is though that there is lots of help available to keep you on track. Here are 5 tax tips if you are new to freelancing.

The Budget 2017 was the first announcement delivered by the Chancellor, Phillip Hammond. On the whole there were no real surprises, as expected. A few things though will affect contractors, freelancers and small business owners, both self-employed and operating through a limited company. Here we summarise.

The 2017 Spring Budget is set for Wednesday 8 March. This will in fact be the last Budget announcement to take place in the Spring, as from now on Budgets will feature in the Autumn. The purpose of the Budget announcement is to deliver the financial and economic position of the UK, based on information by the Office for Budget Responsibility, and also present forecasts for spending plans in the year ahead. What can we expect this year?