If you're a property investor operating through a limited company, understanding how to properly claim mileage is essential. Whether you're visiting properties for inspections, meeting contractors, or attending viewings, these trips can add up—and so can the potential tax relief. Here's what you need to know about claiming mileage as a director of a property…
At NiS Accountants, we’re often asked whether joining the Flat Rate VAT Scheme (FLEC VAT) is the right choice. The answer? It depends — and many businesses are surprised to find that it may not be as beneficial as it first appears.
What is FLEC VAT?
The Flat Rate VAT Scheme is designed to simplify…
Dear clients and business owners, at NiS Accountants, we understand the importance of optimizing your income while minimizing your tax and National Insurance (NI) liabilities. As an owner-manager of a company, you're likely keen to explore the most tax-efficient methods for taking income from your business. While dividends are a popular choice, there are situations…
Published: Feb 2025 By NiS Accountants
As the 2025/26 tax year unfolds, several important tax changes will affect landlords, self-employed individuals, and small business owners. Staying ahead of these updates is essential for remaining compliant and making informed financial decisions.
1. Capital Gains Tax (CGT) Reform for Property Sales
From 6 April 2024, the…
