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If you’re an employee or business owner in the UK, you may have heard the term Benefit in Kind (BIK), but what does it actually mean, and how does it affect your tax? In simple terms, a Benefit in Kind is a non-cash benefit provided by an employer that still has a tax value. While […]

Flying first class isn’t just about champagne and extra legroom — for some directors, it’s part of doing business. But can your company really foot the bill without falling foul of HMRC? In this post, we’ll break down when first-class travel counts as a legitimate business expense, when it doesn’t, and how to make sure

As a freelancer or self-employed professional in Kent, every mile and train ticket can add up — not just in cost but also in potential tax savings. Claiming travel expenses correctly can help reduce your taxable income and ensure you’re not paying more tax than you should. In this guide, we’ll break down what counts

If you’re self-employed or freelancing in Kent, understanding your tax return is essential to keeping your business running smoothly. Whether you’re based in Gravesend, Medway, Dartford or anywhere else in Kent, staying organised with your finances can save you stress — and potentially money. As the 2025 tax season approaches, here are some practical tax

For many UK entrepreneurs, starting out as a sole trader makes perfect sense — it’s quick, simple, and keeps your paperwork to a minimum. But as your business grows, switching to a limited company can bring real benefits, from improved tax efficiency to added credibility with clients and suppliers. However, making the switch partway through

Running a business in Kent comes with many responsibilities, and one of the most important is making sure you stay on top of your tax obligations. For limited companies, this means paying corporation tax on any profits you make. But what exactly is corporation tax, how much do you need to pay, and are there

When your business needs new equipment—whether it’s IT hardware, machinery, or office furniture—one of the biggest questions is: should you buy it outright or lease it? At Clayton Stirling, we regularly help business owners across the UK weigh up this decision from both a financial and tax perspective. In this guide, we’ll break down the

When the Self Assessment deadline rolls around, many people face the same question: should I do my own tax return or hire an accountant? If you’re self-employed, a landlord, or earning untaxed income, it’s a decision that could save you time, stress – and potentially money. At Clayton Stirling & Co, we work with individuals

With more people turning to platforms like eBay, Vinted, and Facebook Marketplace to declutter or earn some extra income, the question keeps popping up: do I have to pay tax when I sell something online? The answer depends on what you’re selling, how often you sell, and whether you’re making a profit. If you are