The tax implications of a summer side hustle
With summer coming soon, many people are looking for ways to earn some extra cash.
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The economy is doing better than expected – How will your business be affected?
It is a very strange time for UK businesses at the moment, as the economic forces at play seem to be entirely unpredictable.
Who can I trust for tax advice? Tax advisers and their new guidelines
There are two things that are certain in this life: death and taxes. So why is it that you hear different tax advice from influencers, accountants and your mates down the pub? That would be because some people give tax…
Is the UK heading for a recession and what does it mean for your business?
Recession is one of those words that tends to stop business owners in their tracks and right now, it is being mentioned more and more in the press and conversations with clients.
An AI tax in the UK: Revenue raiser or competition risk?
A new headline finding from YouGov this month has found that 47 per cent of Britons would support a tax on work done by AI – with only 20 per cent opposed to such a tax.
Up to two fifths of employers may withdraw salary sacrifice pensions
Employers are facing growing uncertainty over the future of salary sacrifice pension schemes following the Government’s decision to introduce a £2,000 annual cap on National Insurance (NI) relief for pension contributions made through salary sacrifice. Although the cap will not…
Employers are paying the price: National Insurance Contributions rise to £28 billion
Employers’ predictions seem to be coming true as National Insurance Contributions (NICs) have skyrocketed to £28 billion, exceeding the Government’s original forecast of £23.9 billion. On 6 April 2025, the employer NIC rate increased from 13.8 per cent to 15…
UK’s growing insolvency – Building greater resilience in your business
Rising costs seem to be coming at UK businesses from all directions, resulting in many difficult financial decisions needing to be made. New research by the Liquidation Centre found that some employers are opting for job cuts to manage these…
What you need to know about your first quarterly MTD report on 7 August 2026
For sole traders, self-employed individuals and landlords with gross incomes exceeding £50,000 from self-employment or property, you are now mandated to abide by Making Tax Digital (MTD) for Income Tax regulations. Applied from 6 April 2026, these new responsibilities require…
Secured the raise – Keeping an eye on your eligibility for the High-Income Child Benefit Charge
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) does not crash the party. How does HICBC work? The HICBC can kick in if…