How can you save on capital gains tax?
Over the last two years, the tax-free allowance for capital gains tax has been cut…
How might the changes to company size thresholds affect your business?
From October 2024, company size thresholds are to increase by 50%. For each company, these…
New digital service to check your State Pension forecast launched
A new digital service has been launched that makes it easier to check if you…
5 essential steps to successfully establish and grow your new business
If you are embarking on the exciting journey of starting your own business, then we…
Financing your business – what should you know?
Growing a business often requires capital. If you don’t have that capital personally or already…
Increasing your profit – why it’s not the same as growing sales
The so-called Micawber principle, as stated by Wilkins Micawber in Charles Dickens’ novel David Copperfield,…
Avoiding Business Pitfalls: 7 things you should NOT do as a business owner
Recent surveys of UK business owners show us to be under pressure. This is no…
Updated VAT road fuel scale charges from 1 May 2024
From 1 May 2024, the VAT road fuel scale charges will be updated. The new…
Have you checked your tax code?
Prior to the tax year starting each 6 April, HM Revenue and Customs (HMRC), will…
New R&D tax relief guidance available
For accounting periods beginning on or after 1 April 2024, a new merged scheme for…
Thinking of buying another business? What due diligence should you consider?
When in business, it’s not uncommon to be approached by another business with a view…
Good bookkeeping: A backbone of business success
Keeping your accounting records up to date can feel like a chore, but when your…
Could the VAT Annual Accounting Scheme be good for your business?
VAT-registered businesses normally submit their VAT returns and payments to HM Revenue and Customs 4…
Increase to small company thresholds
Thresholds based on a company’s accounts and employee numbers determine whether a company is categorised…
Employers – Are you ready for the new tax year?
The new tax year begins on 6th April and for employers running monthly payrolls, the…
Have we heard the death knell for national insurance contributions?
The original concept for national insurance contributions (NICs) was as a part of social welfare…
HMRC announces and then halts changes to helpline services
Last week, HM Revenue and Customs (HMRC) announced changes to its helpline services that will…
Are you or your employees making good use of Tax-Free Childcare?
Tax-Free Childcare is available to working families to help them save on their childcare costs…
Spring Update –Multiple Dwellings Relief taxed from 1 June 2024
Multiple Dwellings Relief (MDR) is a stamp duty land tax (SDLT) relief that is currently…
Spring Budget – Reduction in capital gains tax higher rate
A couple of changes were made to capital gains tax (CGT) allowances and tax rates…
Spring Budget – VAT registration threshold increases
The thresholds for VAT registration and deregistration have remained static for the last 7 years,…
Spring Budget – Furnished Holiday Lettings regime to be abolished
If you run a holiday let, then you are likely well aware of the useful…
Spring Budget – National insurance cuts – what they mean to you as a self-employed business
The Spring Budget further extended the national insurance cuts first announced in last year’s Autumn…
Spring Budget – National insurance cuts – what they mean to you as an employer
The national insurance cuts in the Spring Budget have made most of the Budget-related headlines…
Making Tax Digital: New policy paper published
A new policy paper has been released by HM Revenue and Customs (HMRC) on Making…
Understanding the pros and cons of the VAT Flat Rate Scheme for businesses
Value Added Tax (VAT) is a significant consideration for businesses. It impacts your cash flow,…
Cuts to National Insurance: Reminders about changes
In November 2023’s Autumn Statement, the government announced some National Insurance (NI) changes. Some of…
Companies House fees to increase from 1 May 2024
Companies House have reviewed the fees they charge and have released details of the new…
Unlocking efficiency and growth: The benefits of cloud accounting
In business, staying ahead of, or at least up with, the curve is crucial for…
How to recognise tax scam phone calls, emails and text messages
HM Revenue and Customs (HMRC) have recently published updated their guidance on how to identify…
Year-End Tax Planning: Maximising benefits for your business
We are now within the final two months of the tax year, and for many…
Streamlining your business: Strategies to speed up customer payments and improve cash flow
Begbies Traynor, a firm of business rescue and recovery specialists, have published their latest Red…
Income Tax and selling online
In recent weeks there has been a flurry of online activity discussing the new law…
Unlocking your business value: Strategies for Growth
According to consultancy Cornwall Insight, domestic energy prices are predicted to drop in April with…
2024 – A year for flexibility?
Firstly, we wish all our clients a healthy and prosperous 2024! Looking back at 2023,…
Exploring Closure Options for Solvent businesses
There are many reasons a solvent company needs to be brought to an end; perhaps…
Restructuring Options for struggling companies
While we all want to see our businesses thrive and grow, this is unfortunately not…
Posting documents to Companies House (CH)
From 4 March 2024, all companies who want to file paper documents will need to…
The Unified R&D Tax Credit Scheme
The UK government has announced reforms to its Research and Development (R&D) tax credit system…
Inflation is down but managing your cash flow is essential right now!
UK inflation fell to 4.6% in October, due mainly to a fall in energy prices,…
Inheritance Tax Planning Tips
With inheritance tax receipts to HMRC set to reach new levels this financial year, now…
How much is my business really worth?
This is a question many business owners want answering. The truth is, it depends on…
Tax-Free Childcare costs
HM Revenue and Customs (HMRC) is reminding working families to give their childcare budget a boost by…
Do you have a side income?
If you do then you are probably aware of the requirement to disclose this on…
Check if you need to send a tax return
If you normally file a Self-Assessment tax return, you will need to send it to…
Companies urged to file accounts early to avoid penalties
If you’re due to file accounts with Companies House (CH) by the end of September,…
Why cash flow management is essential right now
Last week the Office for National Statistics (ONS) stated that the UK's rate of inflation…
Deadline for topping up NI contributions extended again to 5 April 2025
With all of the changes to personal pensions in the Spring Budget, maximising the State…
Deadline for voluntary National Insurance contributions extended to April 2025
The UK government is giving people more time to pay National Insurance contributions towards their…
Self-Assessment threshold change
From tax year 2023 to 2024 onwards, the Self-Assessment threshold for taxpayers taxed through PAYE…
Making Tax Digital for Income Tax update
Making Tax Digital (MTD) for Income Tax will require businesses to keep digital accounting records…
Latest HMRC Employer webinars
Listed below are a number of live HMRC webinars that will help employers with payroll…
Reporting capital gains tax due on UK property
Reporting capital gains tax due on UK property This factsheet covers capital gains tax (CGT)…
FACT-SHEET-36-CGT-Business-Asset-Rollover-Relief
CGT: Business Asset Rollover Relief Business Asset Rollover Relief (BARR) enables you to delay paying…
Changes to reporting material discrepancies to Companies House
From 1 April 2023, the way obliged entities can report a material discrepancy has changed…
Check when you must register for Plastic Packaging Tax
Plastic Packaging Tax (PPT) was introduced on 1 April 2022. If you manufacture or import…
Thinking About Selling your Business?
The ultimate aim of every serious business person is to build a company that has…