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
Since November 2025, it has become a requirement for all company directors and Persons with Significant Control (PSCs) to verify their identity with Companies House.… Read More »Have you verified your identity? Staying compliant with Companies House changes
From April 2026, the National Minimum Wage rates will increase once again, driving up employment costs for many businesses and requiring them to review their… Read More »Preparing your business for the rising rates of the National Minimum Wage
For business owners preparing to sell or exit their company, a stricter interpretation of the qualifying conditions for Business Asset Disposal Relief (BADR) and increased… Read More »Structuring your business for sale – BADR is changing once again
