Common Questions
Frequently Asked Questions
My Middlesbrough digital, software or process business does development work. R&D tax credits?
Quite likely. R&D for tax is seeking an advance in science or technology by resolving technical uncertainty, genuine software, process-engineering and technical product innovation usually qualifies. Loss-making R&D-intensive SMEs can claim an enhanced payable cash credit, valuable runway for a young company. We assess your projects, identify qualifying costs, write the technical narrative and submit the claim.
Do I need to be local to use you as my Middlesbrough accountant?
No, we work with Middlesbrough clients entirely online, by phone, email, video call and secure document exchange. You get the same depth of understanding and personal service without needing to visit an office. Most modern accountancy is handled remotely.
I'm a Middlesbrough contractor through my Ltd company. IR35 position?
Depends on the client and working practices. Medium/large clients (including the industrial and energy employers) assess your status; small clients mean you self-assess. For genuinely independent contractors with project-based work IR35 is usually outside. We review your contracts and document the assessment.
I'm a Middlesbrough landlord with a student HMO. What can I claim?
HMOs have higher allowable costs: HMO licensing fees, communal area cleaning and utilities, additional safety certification, fire safety equipment, more frequent repairs and furniture replacement (via Replacement of Domestic Items relief). These are often under-claimed. We capture them all and model whether incorporating beats the Section 24 position.
How should I take profit from my Middlesbrough Ltd company?
Most efficiently: salary at the NIC-optimal level (typically £12,570) plus dividends using the dividend allowance and basic-rate band, with employer pension contributions (tax-deductible, up to £60,000). We model the optimal split for your income each year.
Should my Middlesbrough business be a Ltd company?
At profits above £40,000-£50,000 a Ltd company typically saves £2,500-£5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.
I'm a Middlesbrough landlord. What can I claim against rental income?
Repairs and maintenance, letting agent fees, landlord insurance, ground rent and service charges if leasehold, gas and electrical safety certification, mortgage interest (with the Section 24 restriction), and Replacement of Domestic Items relief on furniture. We capture everything and file your self-assessment.
How do I get started?
Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with Middlesbrough clients fully online and we're experienced with digital, industrial and energy firms, R&D claims, contractors, student-let landlords and the TS community.