Aran Wilkinson - Total Tax Solutions

Aran Wilkinson - Total Tax Solutions Accountant/Tax Advisor
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Thinking of buying a new Pick-Up for your business? Be Careful ⚠️ Since April 2025, double cab pick-ups now count as “ca...
25/08/2025

Thinking of buying a new Pick-Up for your business? Be Careful ⚠️

Since April 2025, double cab pick-ups now count as “cars”, slashing your tax relief.

Tax Savings with a Single Cab (£40,000)

*Commercial vehicle, 100% tax relief

- 20% taxpayer: **£8,000** savings.
- 40% taxpayer: **£16,000** savings.

Double Cab Pick-Up:
*Taxed as a car, only 18% relief in year 1.*
- 20% taxpayer: **£1,440** savings.
- 40% taxpayer: **£2,880** savings.

For a 40% tax payer who operates as a sole trader the double cab could mean you would pay an extra £13,120 in tax on a 40K vehicle!

📞 07532177144
📧 [email protected]

Subcontractors, it’s nearly time to complete your 24/25 tax returns! Key Tips:1. I will need your income and expenditure...
24/03/2025

Subcontractors, it’s nearly time to complete your 24/25 tax returns!

Key Tips:
1. I will need your income and expenditure between 6th April 24 & 5th April 25 (if you use online banking we can link up your bank statements using Streem Connect in just a couple of minutes)

2. Please ask your contractors for CIS statements which show a breakdown of your cis tax paid, this helps keep your tax return accurate and minimises the chance of a HMRC check

3. Please provide us with all business related expenses, main expenses are usually Motor / Mileage, tools, workwear, equipment hire, phone bills etc

4. if you have been “employed” during the tax year please provide any P45 or p60 documents you received from your employer as the pay and tax details from your document will need to be reported on the tax return

5. Please ensure your address is up to date with hmrc so we can request authorisation, we can then track the progress of your refund for you

6. Refund timescales vary and hmrc are very unpredictable so please be patient waiting for refunds

Once the tax year has finished (5th April) please get in touch on the below details to get started.

📞 07532177144
📧 [email protected]

📊The Autumn budget is here! The budget outlines plans for the year ahead, including announcements on national insurance,...
31/10/2024

📊The Autumn budget is here! The budget outlines plans for the year ahead, including announcements on national insurance, capital gains tax, minimum wage and more.

Please see the below key points for business owners!

Address

2 Peel Court
Darlington
DL11GB

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