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

Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction… Read More »R&D relief slashed – Time to plan

Planning for the future is essential when running a business and, ideally, you should have a perspective of where you want to be in three… Read More »What is the ultimate goal of your business?

Millions of new taxpayers will be created by the extended freeze on the income tax thresholds.   In the Autumn Statement, the Government froze the… Read More »Income tax thresholds freeze – What it means for you

Investing in property can still provide a strong return, but it needs careful planning to achieve the best outcomes. Just buying new properties without a… Read More »Time to rethink your property portfolio? What you need to consider

If you are an owner of a limited company, taking money out of your business using dividends is a mainstay of effective tax planning, thanks… Read More »When can you take a dividend from your business?

Card payments rocketed during the pandemic and that trend has continued since then. According to figures from the British Retail Consortium (BRC), card payments account… Read More »New rules to address the soaring cost of card payment fees

The status of IR35 or off-payroll working has caused some confusion since the repeals to reforms put forward by former Chancellor Kwasi Kwarteng were subsequently… Read More »IR35 rules – What they are and why they matter