Accounting Journal

Accounting Journal

Home
Chat
PMA Accountants
Archive
About
Taxation of company cars in 2025/26 and beyond
Employees with a company car available for their private use pay tax on the benefit.
 • 
Asif Patel
Official rate of interest
The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related loans, and…
 • 
Asif Patel
Reporting 2024/25 taxable expenses and benefits
If as an employer you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet your…
 • 
Asif Patel
Pension savings in 2025/26
Putting money into a registered pension scheme can be tax efficient.
 • 
Asif Patel
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025.
 • 
Asif Patel

March 2025

Tax implications where an employer provides a van to an employee
Benefits in kind (BIK) are goods and services provided to an employee (or a member of their family or household) for free or at significantly reduced…
 • 
Asif Patel
Tax planning for trading losses
A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not doing well.
 • 
Asif Patel
A repair or an improvement and why it matters
As a landlord, periodically you will need to undertake work on your property.
 • 
Asif Patel
Be aware of VAT bad debt relief
Despite the improving economy, bad debts are still a fact of life for many businesses.
 • 
Asif Patel
The company makes a loss – can a dividend be paid?
Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will use the money to increase the…
 • 
Asif Patel
Are professional fees tax deductible?
As ever, the answer to this question depends on what type of professional fees have been incurred.
 • 
Asif Patel
Tax implications of different methods of business finance
For many businesses, initial set-up costs are low with just an internet connection, smartphone and a laptop.
 • 
Asif Patel
© 2025 PMA Accountants
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture