It is not uncommon for directors of a company to take loans from the business during each financial year, often to cover unexpected bills. However,… Read More »Three easy ways to manage your directors’ loan accounts
Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers.
Read More »Class 2 NICs – The hidden issue affecting self-employed taxpayers
Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that tax arrears have hit £28 billion per month on average across the first quarter of 2025.
Read More »Are rising tax arrears putting your business at risk?
Many businesses routinely offer financial support to their directors or employees in the form of loans.
Read More »Do you need to report that loan? The £10,000 rule and P11D implications
There are always going to be bad actors looking to scam reputable businesses out of money and data.
Read More »HMRC or a scam – can you trust the letters you receive?
With less than a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory for sole traders and landlords earning over £50,000, it is important to start preparing.
Read More »The countdown to Making Tax Digital for Income Tax – Who is affected first?
When it comes to Statutory Sick Pay (SSP), most payroll teams are confident in calculating payments for a single period of absence.
Read More »Understanding linked periods of sickness and how they affect payroll
HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns but may not meet the strict eligibility criteria.
Read More »Investors’ Relief under pressure – Why HMRC is tightening its approach
This week is Mental Health Awareness Week, and an important opportunity to reflect on how we manage wellbeing in the workplace.
Read More »Are we underestimating the real impact of workplace pressure?
Most directors do not expect to face personal tax bills in the millions.
Read More »When silence costs millions – Ignoring HMRC is a risk you cannot afford
