S R Lynn & Co·Blog

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Taking advantage of the employment allowance

If you’re worried about the cost to your business of the hike in employers’ NI from April 2025, the higher employment allowance (EA) might alleviate some of the pain. But will you qualify and are there any traps to avoid?

Need extra cash? Borrow from your company tax free

As a company owner manager if you borrow cash from your company HMRC applies tax charges on you and your business. However, it’s possible to legitimately avoid these and benefit from a tax-free loan indefinitely. What’s involved?

Tax and building a workspace at home

Antonia is a self-employed childminder. She’s having an extension built on her home in which she’ll run her business. Is she is entitled to a tax deduction for any of the construction costs?

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