The Government has announced a two-year delay and further changes to the rollout of its Making Tax Digital for Income Tax initiative. The delayed implementation… Read More »Implementation of MTD for ITSA delayed for two years

Businesses are being advised that time is running out to be able to take advantage of the Corporation Tax super-deduction capital allowance scheme. This allows… Read More »Take advantage of the super deduction allowance – before it’s gone

Every business needs sound financial planning and oversight in order to thrive. With the new tax year just around the corner, now is the perfect… Read More »Improving your business finances in 2023 and beyond

For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But before entering into any gifting… Read More »Tax considerations for gifting to grandchildren in the UK

If you own a small business and are also a shareholder director, you may be wondering whether to take a salary or dividends. When it… Read More »Should I take a salary or dividends as a small business owner?

Keeping on top of your business’s financial health is critical to its success. A great place to start is by understanding what a balance sheet… Read More »Understanding and improving your balance sheet

A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are applied, as well as how… Read More »A new VAT penalty system is now in effect

The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being… Read More »Be prepared for changes to Capital Gains Tax thresholds 

Companies House has gone fully digital after the announcement of the closure of its office in London and all filing being transferred online. It has… Read More »Companies House goes fully digital