The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the… Read More »Mandatory payrolling of Benefits in Kind delayed by HMRC
Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and… Read More »Kittel VAT: How to control the uncontrollable
Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor… Read More »Increased borrowing could mean increased taxes, experts warn
The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance and signs of… Read More »How to prepare for an unexpected economic recovery
On 8 April 2025, Companies House introduced identity verification for those who make filings on behalf of a business. It is currently a voluntary process,… Read More »Identity crisis – Companies House begins to verify identities
How much State Pension you get depends on your National Insurance (NI) record when you reach the State Pension age. Gaps in your NI record… Read More »Too many sole traders are still missing out on their State Pension
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
The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for… Read More »How to maximise tax relief on losses to offset higher employment costs
Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies. If your business carries… Read More »How HMRC treats cryptoassets disposed of by businesses
HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026. Built over… Read More »HMRC is closing its free Company Tax Return service
