What happens if tax reliefs for SMEs and farms are cut in the impending Budget?
It is the world’s worst-kept secret at this point, but if you have not already heard, the Budget is approaching and is likely to be “painful”.
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READ MOREWhat happens if tax reliefs for SMEs and farms are cut in the impending Budget?
Could the Budget affect dividend tax? A closer look at potential impacts
Dividends have long been an important income stream for investors, business owners, and retirees alike.
How to avoid Lifetime ISA withdrawal penalties from HMRC
Lifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per cent Government bonus on contributions. However, if you withdraw money for anything other than these specific purposes, you could face…
What pension tax reforms could we see in the October Budget?
For months, there was speculation that the upcoming Budget could bring major changes to pension tax relief, specifically a move towards a flat rate of tax relief for pension contributions. While nothing has yet been confirmed, reports in The Guardian…
What are PAYE Settlement Agreements and how can they benefit employers?
PAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees.
IFRS S1 and S2 and the future of ESG reporting standards
Sustainability has become a core part of how businesses are expected to operate, whether we like it or not. You might think that all the talk about environmental, social, and governance (ESG) issues is only relevant to big corporations or…
How changes in tax receipts and National Insurance may affect you
With tax and National Insurance (NI) receipts making headlines, many people are understandably concerned about what this means for their tax obligations.
HMRC updates bank details for tax payments – What businesses need to know
Keeping up with tax payments is something every business owner knows is important.
How to effectively manage business expenses and improve profitability
Effective expense management is key to driving profitability in any business.
Is setting up a limited company as a freelancer the right move for you?
If you’re enjoying the freedom and flexibility that comes with freelancing, you might be wondering if it’s time to take the next step and set up a limited company.
HMRC cut advisory company car fuel rates – What does this mean for your business?
If your business reimburses employees for business travel in their company cars or if employees are required to repay fuel costs for private travel, it is important to keep up to date with the advisory fuel rates set out by…
Why outsourcing payroll could be the key to lifting your business burden
With this week being National Payroll Week, it’s a great time to explore how businesses manage their payroll and if they are being effective enough.
What if the Chancellor increases Capital Gains Tax? A look ahead to the Budget
As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across the UK.
How to protect your business from HMRC-related scams
We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new ways and schemes to trick businesses into parting with their hard-earned profits.
HMRC investigating tax obligations of those who breed and sell animals
As more people turn their passion for breeding and selling animals into a source of income, HM Revenue & Customs (HMRC) will be writing to people to ensure that those involved in these activities are paying the correct tax.