Insight

From April 2025, the UK is abolishing the Furnished Holiday Let tax regime. Learn how this affects capital allowances, CGT reliefs, mortgage interest relief, and income splits for joint owners.

Sole trader or limited company? Understand the key differences to choose the best structure for your business.

As we step into the New Year, we reflect on the successes of 2024 and look forward to the opportunities ahead. At Pomroy Associates, we’re committed to providing expert accountancy and tax advice tailored to your needs, helping you navigate challenges and achieve your goals. Discover how we can support your financial journey in 2025.

Prepare your business this Christmas: manage cash flow, tax deadlines, staffing, client engagement, and plan for 2024 changes

Discover how Trivial Benefits can help you reward employees with tax-free perks like small gifts, team lunches, or store gift cards, while staying within HMRC rules. Learn how to utilise these benefits effectively, including the £300 limit for directors and their families, to boost morale and foster a positive workplace

Lending personal funds to your company as a director can be a tax-efficient way to boost cash flow, especially when charging interest. This guide explores the benefits of charging interest, including personal income generation, corporation tax relief, and the Personal Savings Allowance. It also covers the administrative requirement of the CT61 form, which reports interest payments and gives the director a tax credit for the 20% tax withheld by the company. Proper planning and compliance can make this strategy both effective and advantageous.

Understanding VAT Disbursement Rules - clarity around costs and disbursements is essential for businesses to ensure compliance and proper accounting practices. At Pomroy Associates, we aim to provide you with a clear understanding of VAT disbursement rules, aiding you in navigating these regulations effectively.

In today’s world, engaging a qualified accountant and tax adviser is a wise choice for both businesses and individuals. While the accountancy industry does not legally require qualifications, the value of working with a qualified professional is undeniable. Here’s why relying on a qualified accountant can make all the difference.