Tax
Starting a seasonal business? Here is what you need to know
May 16, 2024
Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own set of unique challenges and opportunities. Understanding the differences in seasonal commerce is crucial for success. Whether you are opening an ...
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Furnished residential lets vs Furnished Holiday Lets – The tax situation
May 14, 2024
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out. However, you may be able to claim some allowable tax reliefs and deductions. The ...
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The most common VAT filing mistakes – and why MTD is the solution!
Apr 30, 2024
If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) - at least once every ...
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Reviewing your payroll? Check what’s changed
Apr 16, 2024
With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax. The new financial year is a busy time for employers and business ...
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What are the benefits of using the HMRC app?
Apr 11, 2024
The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many, with over 80 million interactions. Designed for convenience and efficiency, the app stands as a crucial resource for managing tax affairs. Upon ...
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Due a tax rebate? Keep an eye on your account
Apr 09, 2024
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment. From 8 April 2024, HMRC will no longer send ...
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Is your partnership tax-efficient?
Mar 28, 2024
Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs. A partnership is one of three main company types that you might choose from, in which two or ...
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Have you used your capital allowances this financial year?
Mar 19, 2024
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill. For business owners, there are a number of tax reliefs you ...
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Making the most of pension contributions for tax purposes
Mar 12, 2024
Are you ready for the end of the 2023/24 tax year? 5 April 2024 marks the end of the current financial year, so the deadline to use several important annual reliefs and allowances is fast approaching. Pension contributions represent a significant tax ...
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Spring Budget 2024
Mar 06, 2024
The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year. Although a date for the next general ...
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