1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW).
Read More »Are your payroll practices compliant with the new minimum wage rates?
Taxpayers who fail to pay their income tax under self-assessment on time will face higher penalties from April 2025. As announced in the latest Spring… Read More »Spring Statement: Late Payment Penalties to Rise to 10%
From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns.
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.
The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing the deadline.
Read More »Time is running out to make personal pension contributions for the 2024/25 tax year
Major reforms to the UK’s Inheritance Tax (IHT) regime are on the horizon, with sweeping changes, particularly affecting non-domiciled individuals (non-doms) set to take effect from 6 April 2025.
HM Revenue & Customs (HMRC) has intensified its efforts to track down unpaid Capital Gains Tax (CGT), with recent figures showing an increase in compliance activity.
Read More »Capital Gains Tax clampdown – What HMRC’s surge in investigations means for you
Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.
Read More »What are the Inheritance Tax benefits of writing a life insurance policy in trust?
From 6 April 2025, employers will need to accommodate a brand-new statutory entitlement: neonatal care leave and pay.
Read More »How neonatal care leave will affect your payroll and policies
