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
With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare… Read More »Joint owners of Furnished Holiday Lets prepare for increased taxes
Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools,… Read More »Beware tax avoidance scheme promoters – HMRC cracks down with new powers
Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen… Read More »Is your remuneration strategy still tax-efficient in 2025/26?
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety… Read More »Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances
VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead to penalties, cash flow problems,… Read More »Too many businesses falling into VAT traps
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This… Read More »900,000 sole traders pulled into MTD for ITSA
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government… Read More »Labour introduces harsher penalties for late taxpayers
