When is a business expense really tax deductible?
One of the most common questions business owners ask accountants, “Can I put this through the business as an expense?”
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READ MOREWhen is a business expense really tax deductible?
The zombie company apocalypse: Will your business be around 28-years later?
A new tax year is steadily approaching and will manifest many of the changes announced in the Autumn Budget.
Millions of UK workers are overpaying tax every year
A new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they needed to in 2023
What to do if you can’t pay your Self-Assessment tax bill on time?
The deadline for your Self-Assessment tax bill is just over a week away and you may find yourself under increasing pressure if you cannot pay it.
HMRC warns taxpayers about mid-year Capital Gains Tax changes
HMRC has issued a warning to taxpayers completing their Self Assessment tax returns that their online software cannot automatically make calculations to account for the mid-year increase in the rate of Capital Gains Tax (CGT) in 2024.
The FRS 102 changes are now in effect: What should businesses do now?
The revised version of FRS 102 has now come into effect for accounting periods starting on or after 1 January 2026 and it will affect how your business prepares accounts under UK GAAP.
HMRC records festive tax return frenzy
According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day.
Should I buy a car through my business or personally?
Many small business owners and self-employed individuals may consider buying a car through their business.
The clock is ticking down to payrolling Benefits in Kind: What employers need to know
From April 2027, all UK employers will be required to payroll Benefits in Kind (BiKs) rather than reporting them through the traditional P11D process. While this may feel a long way off, businesses should start preparing now so that their…
Cashflow crisis: Why SMEs continue to struggle
Recent research from the Chartered Institute of Credit Management (CICM) has revealed that 82 per cent of SMEs have faced cash flow difficulties. For many small businesses, periods of high activity can be followed by quieter months that place pressure…
Employment Rights Act 2025 is here – How employers can prepare their payroll
The Employment Rights Act 2025 has reached the end of its parliamentary debate and is set to bring significant changes to UK Employment Law. Employers are now faced with a limited window to prepare their payroll systems and processes for…
MTD countdown underway – Landlords and sole traders have just months left to prepare
The Making Tax Digital (MTD) for Income Tax countdown is on and landlords and sole traders who are not prepared may face costly repercussions. From 6 April 2026, sole traders, landlords and self-employed individuals with a qualifying income over £50,000…
What are the upcoming changes to EIS and VCTs?
Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs) are both set to experience changes from April 2026, as was revealed in the Autumn Budget. These schemes were viewed as outdated and the reforms aim to modernise their effectiveness. This…
How will HMRC changing its system of fines affect you?
Following the Autumn Budget, it is increasingly clear that the Government is toughening its approach to tax compliance. This is a break with tradition, as penalties have remained unchanged for years, meaning that inflation has caused the impact to soften…
What impact will the Agricultural Property Relief (APR) and Business Property Relief (BPR) U-turn have?
Given how recently the Autumn Budget was, most people had assumed that all of the big tax measures for the year had been issued. However, Rachel Reeves decided to wrap up 2025 with an eleventh-hour announcement of changes to Agricultural…