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%

We notice that few people take advantage of these special rules and we thought we would bring it to your notice as there is till… Read More »TAX free non-cash vouchers

If you are thinking about selling your business, timing could be everything. Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, helps business owners… Read More »Planning your exit? Watch out for the BADR changes

From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect, increasing payroll costs for many businesses. If you employ staff, it… Read More »Paying your employees will cost you more after 6 April

As the end of the tax year approaches, it is a good time to review your personal tax position and ensure you are making the… Read More »Why you need to meet with your accountant before April

Upcoming changes to Inheritance Tax (IHT) will be phased in over the next two years. With property values rising and the IHT nil-rate thresholds remaining… Read More »Upcoming Inheritance Tax changes that could affect you

If you have had career breaks, worked abroad, or earned below the National Insurance (NI) threshold, you could have gaps in your State Pension. HM… Read More »Time is running out to check for gaps in your State Pension!

President Trump’s tariff proposals are creating uncertainty in global markets. While the UK has not been directly targeted yet, British businesses could still feel the… Read More »Will Trump’s tariffs impact your business?

If breeding and selling animals has turned into a source of income for you, you need to make sure your earnings are declared correctly to… Read More »Fur and finance – Tax compliance in animal sales