If you have been one of the lucky ones to secure a pay rise this year, be mindful that the High‑Income Child Benefit Charge (HICBC)… Read More »Secured the raise – Keeping an eye on your eligibility for the High-Income Child Benefit Charge

There was a time when SMEs relied on their main bank for all of their finance options. Recent economic pressures are leading to more cash… Read More »Struggling with cash flow – Exploring the growing use of asset and invoice financing

HMRC and Companies House have confirmed that from 1 April, all businesses must use compliant, commercial software to file their company’s tax returns. As of… Read More »Company tax returns and accounts have gone digital

Capital allowances continue to provide an effective method for businesses to reduce their tax bills, by providing incentives for investment in eligible expenditure – typically… Read More »Capital allowances – New rules for a new tax year

Directors and employees claiming work-from-home tax relief will no longer be able to claim it from the start of the new tax year – 6… Read More »Government abolishes work-from-home relief

From the end of the 2025/26 tax year, 5 April 2026, you must report your dividend income accurately as part of wider personal tax reforms.… Read More »The dividend rules are changing – Disclosure rules on tax returns and new rates

For landlords and sole traders bringing in qualifying annual income over £50,000 (not including profit or dividends), Making Tax Digital (MTD) for Income Tax is… Read More »Making Tax Digital for Income Tax is now live – What next?

Further administrative changes are on the cards for close companies, as the Government seeks to gain a better understanding of previously difficult-to-distinguish transactions. Close companies… Read More »Close companies face additional reporting requirements

Many people are unaware that most trusts now need to be registered with HMRC, even where there is no tax to pay. If you act… Read More »Do You Have a Trust? HMRC Registration May Be Required

If you have paid too much tax – perhaps because you made an error on a return or because you believe a sum determined by… Read More »Claiming overpayment relief from HMRC