Charging company electric vehicles – Costs, reimbursements, and tax implications
Jan 14, 2025
With the rise of electric vehicles (EVs), many company directors and employees charge their cars at home. If you have a company-provided EV and charge it at home, you need to determine the cost of the electricity used for business purposes. ...
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Is your business environmentally sustainable? Why going green can improve your bottom line
Jan 09, 2025
For business owners, sustainability might have been something viewed as a nice-to-have or a PR exercise in the past, but because the regulatory landscape is changing fast, businesses that do not get ahead of these changes risk being left behind. Businesses, ...
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What does the abolition of the FHL tax regime mean for your BADR eligibility?
Dec 13, 2024
With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed. So, what are these changes and what will the implications be for claiming ...
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Are you prepared to spot scams this Self-Assessment season?
Dec 10, 2024
We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay vigilant against a surge in tax-related scams. HM Revenue and Customs (HMRC) has reported a rise in ...
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Moving your business from the startup to scale-up
Dec 04, 2024
Congratulations on steering your startup through the challenging early stages! You have tackled the steep learning curve of entrepreneurship, and now your business is ready to grow. As exciting as this milestone is, expansion brings its own challenges. According to Statista, 29 per ...
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What Christmas perks can your employer offer tax-free?
Dec 03, 2024
With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will want to do so without falling foul of tax rules. Whether planning a party, treating your team to gifts, or both, ...
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How the latest HMRC advisory fuel rates impact your business travel costs
Nov 28, 2024
The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee reimbursements for company car travel. With the new rates effective from 1 December 2024, business owners should take note of the ...
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What does HMRC’s new benefit in kind reporting mean for your payroll system?
Nov 26, 2024
HM Revenue & Customs (HMRC) is introducing real-time reporting for benefits in kind (BiKs) starting in April 2026, meaning businesses must prepare for changes in how they manage payroll. These updates aim to streamline tax reporting but bring new challenges and ...
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Succession or sale? The case for selling your business before the 2026 Inheritance Tax changes
Nov 21, 2024
The Autumn Budget brought clarity to many areas of tax planning, but for family-run businesses, one announcement could prove particularly challenging. From April 2026, businesses worth over £1 million will no longer benefit from the long-standing exemption on Inheritance Tax (IHT) ...
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How to stay ahead of HMRC interest rate changes and avoid late payments
Nov 18, 2024
The Bank of England’s decision to reduce the base rate to 4.75 per cent has triggered changes to HM Revenue & Customs’ (HMRC’s) interest rates, with late payment and repayment rates due to adjust on 18 and 26 November 2024. For ...
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