S R Lynn & Co

23/06/2026

Personal vs company donation to charity

You’re an owner manager and want to make a £5,000 donation to a local charity. You’ve claimed income tax relief under the gift aid scheme for smaller amounts but could it be more tax efficient to make the donation via the company?

17/06/2026

Investment bond - undercover tax trap?

Inheritance tax is a hot topic but most couples only need to be concerned if they are worth more than £1m. What you don’t hear about is the income tax charge on investment bonds that’s payable on death. Can you reduce the tax bill before it’s too late?

15/06/2026

When are staff discounts tax efficient?

Win-winStaff discounts provide a valued perk for the employee and usually cost the employer next to nothing. Whether it’s a modest discount for su...

10/06/2026

Using the EIS to unwind capital gains tax

You inherited shares from your father last year and sold them several months later making a tidy capital gain. You’ve read that the enterprise investment scheme (EIS) can defer the resulting tax bill, but how might it reduce it?

05/06/2026

Recovering underclaimed input tax

Your business has incorrectly failed to claim input tax on a particular expense for five years. You know it can only be corrected for four years to comply with the legislation, but are you aware of a potential three-month extra claim in some cases?

03/06/2026

Double up on the employment allowance

You’re the sole shareholder of a limited company which employs several members of staff. You’re working on plans to start another business with an ex-colleague. Can both businesses benefit from the full employment allowance (EA)?

28/05/2026

Dodging tax and NI on 2025/26 benefits

If you had taxable benefits in kind in 2025/26 then you’ll have to pay income tax on the value. Your company also has to pay 15% NI. Now the tax year has passed is there any way you can reduce or eliminate this tax liability?

22/05/2026

Selling spare items to your company

You’re short of cash but if you use the traditional methods to take more money out of your company you’ll pay higher rate taxes. Is there another way to extract profits without paying income tax or NI?

20/05/2026

No such thing as a (tax) free lunch?

You run a small consultancy company and treat your staff to lunch in the office once a week. Your bookkeeper says it’s a taxable benefit in kind because staff lunches are only exempt if they are provided in a workplace canteen. Is this correct?

15/05/2026

Our duck is ready for the duck race next weekend ! Bromham Business Group