Our Blog

07 May 2019

What can directors claim from their personal expenses

Oh, it’s fine! I’ll just cover it through my company’s card”, is an expression we all may have come across in our lives. But there is a common dilemma among directors, especially of small companies as to what they can and cannot claim as a tax-deductible expense. Knowing what to claim as tax-deductible expenses is a simple way to keep your business tax efficient as your profit would be lesser ending up in you paying lesser corporation tax.

21 Mar 2019

Annual tax on enveloped dwellings (ATED)

ATED is an annual tax charge payable by onshore and offshore corporate entities, including companies, partnerships with corporate members, or other collective investment vehicles, such as unit trusts or open ended investment companies, that own wholly or partly, UK residential properties (“dwellings”) valued above certain amounts.

14 Feb 2019

Preparing for the Payroll Year End

While the end of the calendar year can bring festivity, celebrations and parties, the end of the financial year can be busy for many companies in regards to the HR/payroll department, ensuring a high level of accuracy and maintaining records in a timely manner.

25 Sep 2018

Let’s get ready for new CGT payment for residential property

From 6th April 2020, HMRC is introducing new Capital Gain Tax (CGT) payment on account when a chargeable residential property is disposed by individuals or trusts.

12 Sep 2018

Offshore Assets - Requirement to Correct - Act before it’s too late

There is nothing wrong with having investments overseas as long as you declare all taxable income and gains on your UK tax return.

15 Aug 2018

Sole Trader/Partnership or Limited Company?

Many people ask us when starting a business which business structure should they use. There are many reasons why one person may choose to operate as an unincorporated business over a company but today we will look at the financial side only.

02 May 2018

The New Pay Year is here

It is hard to believe but we are now well on our way into a new tax year. And once again the associated raft of legislative payroll is affecting how we manage payroll for our customers.

20 Mar 2018

Can Artificial Intelligence help your business?

Let’s look into the future… The cloud and beyond, how artificial intelligence can help your business grow and exceed its expectations.

10 Jan 2018

Reasonable excuses for filing a late self-assessment tax return

The penalties for filling a tax return late are very high. However, penalties for late filing can sometimes be cancelled if the reason for not filing on time is because something unexpected or outside your control happens.

06 Nov 2017

Disincorporation relief

In the light of new dividend tax rule and Off-payroll working rules (IR35) for public organisation, it might be a good idea for small companies to go back to unincorporated structure as business structure should be assessed regularly throughout its business lifecycle rather than just when you are starting your business.


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Reddy Siddiqui LLP, 183-189 The Vale, Acton, London W3 7RW

Reddy Siddiqui is the trading name of Reddy Siddiqui LLP, a limited liability partnership. This firm is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered office is 183-189 The Vale, London W3 7RW. Registered in England and Wales No. OC417809

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