An overview of filing and payment penalties for businesses
Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time.
Read More »An overview of filing and payment penalties for businesses
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Charlie Flockhart
Can nearshoring solve the economic confusion?
It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint.
Making Tax Digital is expanding – here’s what sole traders need to know
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Read More »Making Tax Digital is expanding – here’s what sole traders need to know
Time is running out to respond to the open consultation on reforms to APR and BPR
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT).
Read More »Time is running out to respond to the open consultation on reforms to APR and BPR
Rising BADR rates bring MBO timing into sharper view
The idea of selling a business to its management team has long been part of succession planning in the UK.
Read More »Rising BADR rates bring MBO timing into sharper view
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely with the Bank of England base rate.
Read More »Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Why Trump’s tariffs could have more of an impact on your finances than you realise
As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume this is a crisis confined to Wall Street or the multinational giants.
Read More »Why Trump’s tariffs could have more of an impact on your finances than you realise
Will a discretionary trust prevent your home from qualifying for the residence nil rate band?
No one wants to pay more Inheritance Tax (IHT) than they have to.
Too many businesses falling into VAT traps
VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead to penalties, cash flow problems,… Read More »Too many businesses falling into VAT traps
900,000 sole traders pulled into MTD for ITSA
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This… Read More »900,000 sole traders pulled into MTD for ITSA
