Malone & Co. Accountants

Can you claim your laptop?
You can claim the cost of a laptop as long as it's used for your business, not for personal use.
Understanding what qualifies as a business expense can save you money and help keep your tax affairs compliant

Why do Rupert Murdoch's children all seem to work for him?
Is it because they love working together? Maybe?
But its more likely about tax.

Welcome to CEO Tax Tactics, where we break down how top CEOs build real wealth.

If a family member genuinely works in your business, you may be able to employ them and pay them a salary.
That salary can be deducted as a business expense...
Which could reduce the amount of profit your business is taxed on.
And small business owners can use this strategy too.
The work must be real.
The pay must be reasonable.
And the arrangement must be genuine.
Employing family members = lower taxable profits, more income staying within the family, and a smarter business structure

"The Recession Hit and that was it"
Damien Malone talks about our firm's origin as he joins Neil O’Brien on his podcast.

Full episode out now.

Building a business can feel like you're throwing money away.

What most people don't realise is you can often claim tax relief on certain business costs from before you even started trading.
It's called Pre-Trading Expenses and it can cover things like equipment, software, and other setup costs.
Most new business owners miss it because they don't know it exists.
Keep your receipts. They could be worth more than you think.

Is there any way to reduce tax as a PAYE employee?

The answer is yes.
If you do nothing, you will likely overpay.
But if you use what’s available, you can reduce it.
Pensions are the main tool.
You can also claim certain work expenses
and benefit from USC changes.
The goal isn’t avoiding tax.
It’s not paying more than you need to.
Leave a comment if you have questions and follow for more tax tips.

What can you actually claim on your software?

You can claim software subscriptions as long as they are used for your business, not for personal use.
Understanding the difference can save you money and keep you compliant.

Here's the one thing CEOs always do?

They use property to claim every tax break they can.
Welcome to CEO Tax Tactics, where we break down how top CEOs build real wealth.
Smart investors don’t just buy property, they use reliefs to legally pay less tax.

And here’s the secret:
you don’t need millions…
some of these are available to everyday homeowners too.

Property reliefs = less tax, stronger cash flow, more wealth.

Big Updates This July for Carers

If you're caring for a spouse, civil partner, or dependant at home, there are important updates to the Home Carer Tax Credit that could affect how much tax relief you're entitled to.

Don't miss out on valuable tax savings if you're providing care at home.

The VAT rate for hospitality is changing from the 1st of July, and it’s not as simple as you may think...

How it applies actually depends on how you account for VAT.
Invoices
Cash
Deposits

All of these can impact which VAT rate you should be applying.
Make sure you’re set up properly from day one.
Follow for more simple tax insights.

You’re losing money every time you get a tax bill… but not for the reason you think. Most people and businesses aren’t overpaying tax they’re just not claiming what they’re entitled to. There are tax credits, reliefs, and deductions available that apply to both employees and employers, but they’re often missed simply because people don’t know about them. From everyday expenses to industry-specific reliefs, missing these claims means paying more than you legally have to.

Stop leaving money on the table.