29 Feb 2024
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
Read more...29 Feb 2024
New rules are coming into effect on 4 March 2024 which could impact your business if you are registered in the UK and need to file with Companies House.
Read more...27 Feb 2024
For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.
Read more...22 Feb 2024
The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).
Read more...21 Feb 2024
The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.
Read more...20 Feb 2024
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.
Read more...16 Feb 2024
Cash flow as a concept is more commonly used in the world of business, but having a steady flow of income and outgoings in your personal life is just as essential. Understanding and managing your cash flow is important for financial stability and recent events have meant that many of us have had to reassess […]
Read more...16 Feb 2024
The recent cut in National Insurance (NI) contributions presents millions of UK workers with a golden opportunity to boost their retirement savings. The drop from 12 per cent to 10 per cent in the main rate of NI contributions means that employees across the UK are seeing a noticeable increase in their pay packets. With […]
Read more...16 Feb 2024
As we progress through 2024, the financial landscape continues to evolve, marked by recent fluctuations in the UK’s inflation rate. In December, inflation rose to four per cent, up from 3.9 per cent in November. This increase is attributed to various factors, including global conflicts and the resulting economic uncertainties. The UK’s inflation, driven in […]
Read more...15 Feb 2024
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
Read more...14 Feb 2024
Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business taxes relating to the basis period. At the end of the 2023/24 financial year, these […]
Read more...14 Feb 2024
Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity as employers, the Tribunal upheld the firms’ argument that car allowance payments should qualify for […]
Read more...
