As energy costs rise, is now the time for your business to go green?
As the conflict in the Middle East disrupts the global economy, many businesses are eyeing their energy bills with dread.
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READ MOREAs energy costs rise, is now the time for your business to go green?
Do you know how to manage the increased director’s loan tax charge?
We are officially a few days into the 2026/27 tax year and directors need to be positive on how the latest reforms affect them.
Company tax returns and accounts have gone digital
HMRC and Companies House have confirmed that from 1 April, all businesses must use compliant, commercial software to file their company’s tax returns. As of 31 March, the free joint online service, commonly known as the CATO portal, from these…
Capital allowances – New rules for a new tax year
Capital allowances continue to provide an effective method for businesses to reduce their tax bills, by providing incentives for investment in eligible expenditure – typically plant and machinery. Historically, these reliefs have been subject to change and the 2026/27 tax…
Government abolishes work-from-home relief
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 April 2026. Why is this relief being taken away? The Chancellor announced the removal of…
The dividend rules are changing – Disclosure rules on tax returns and new rates
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. Directors of close companies must disclose the company name, registration number, specific dividend amounts and…
Making Tax Digital for Income Tax is now live – What next?
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 now mandatory. For income to qualify, it must be earned from self-employment or property rental,…
Close companies face additional reporting requirements
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 – those companies controlled by five or fewer participators or by their directors if those directors…
HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax
Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold.
Only 57 per cent of UK SMEs rely on accountants – Could the rest be holding their business back?
Running your business can feel like a constant juggling act of trying to manage rising costs and staying on top of compliance.
Has your payroll accounted for an early Easter Bank Holiday?
I am sure many of us can’t wait for the long Easter weekend to get here. If it feels like it has come early this year, you are correct.
The New 2026/27 Tax Year: What’s coming up from 6 April 2026 and beyond
With the shift from spring to autumn Budgets, it’s easy to overlook some key tax and other related changes that will take effect from 6 April for the 2026/27 tax year. Many of these have been in the pipeline for…
Are you paying yourself as tax efficiently as possible in 2026?
Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way.
HMRC sets its sights on side hustlers again
More than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small online traders and service providers.
Why are taxpayers still ignoring the Making Tax Digital for Income Tax deadline?
The deadline for Making Tax Digital (MTD) for Income Tax is now less than three weeks away, yet the majority of affected taxpayers have still not registered.