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How to maximise tax relief on losses to offset higher employment costs

How to maximise tax relief on losses to offset higher employment costs

Posted in Business News, Latest News on May 6, 2025

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent […]

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How HMRC treats cryptoassets disposed of by businesses

How HMRC treats cryptoassets disposed of by businesses

Posted in Business News, Latest News on May 6, 2025

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital […]

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HMRC is closing its free Company Tax Return service

HMRC is closing its free Company Tax Return service

Posted in Business News, Latest News on May 6, 2025

HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on […]

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Joint owners of Furnished Holiday Lets prepare for increased taxes

Joint owners of Furnished Holiday Lets prepare for increased taxes

Posted in Business News, Latest News on May 6, 2025

With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax […]

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Beware tax avoidance scheme promoters – HMRC cracks down with new powers

Beware tax avoidance scheme promoters – HMRC cracks down with new powers

Posted in Business News, Latest News on May 6, 2025

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes.   That […]

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Is your remuneration strategy still tax-efficient in 2025/26?

Is your remuneration strategy still tax-efficient in 2025/26?

Posted in Business News, Latest News on May 6, 2025

Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year.   […]

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Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

Posted in Business News, Latest News on May 6, 2025

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used […]

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Too many businesses falling into VAT traps

Too many businesses falling into VAT traps

Posted in Business News, Latest News on April 2, 2025

VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead […]

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900,000 sole traders pulled into MTD for ITSA

900,000 sole traders pulled into MTD for ITSA

Posted in Business News, Latest News on April 2, 2025

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning […]

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Labour introduces harsher penalties for late taxpayers

Labour introduces harsher penalties for late taxpayers

Posted in Business News, Latest News on April 2, 2025

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD […]

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