Can I claim tax relief on my car if I’m a sole trader?

 I use my car for my self-employed business – it cost £5,000*.  Can I claim tax relief? Yes – but it’s complicated – and it depends on the CO2 emissions of the car. For cars bought after 6th April 2021: Second-hand electric cars, and cars with CO2...

Starting a business checklist – 20 things to consider

When starting a business there are a lot of things to think about and a checklist can be useful. The checklist below is not exhaustive but it does include tasks that are sometimes overlooked by people starting out in business.  It is always worth talking to an...

What is a Shareholders’ Agreement and when is one needed?

A Shareholders’ Agreement is a private agreement – generally drawn up by a lawyer – between some or all of the shareholders of a Company. It documents information about the relationship between the shareholders; what will happen in certain eventualities (e.g....

What to consider when splitting shares between couples

Who genuinely owns, founded, or acquired the business? Who works in it and earns the money?  If the person who formed, and runs it isn’t the majority shareholder, this could mean trouble – because, if the couple fall out, the main worker could lose control of their...