What should you avoid when transitioning to Making Tax Digital for Income Tax Self-Assessment?
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.
Read more...30 May 2024
From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.
Read more...29 May 2024
If you’re a business owner of a limited company, it’s important that you know how to make the most of your after-tax profit to support your personal financial health – known as profit extraction.
Read more...28 May 2024
A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses.
Read more...24 May 2024
Effectively managing your budget is crucial for business success, especially in challenging economic times.
Read more...22 May 2024
From a tax planning perspective, incorporation of a business into a limited company has long been considered the gold standard in business development and growth – but is this still the right move?
Read more...21 May 2024
When your business takes on a new employee, we know that you’re eager to get them settled into their role – but not before you’ve completed the right checks and set them up in your payroll system!
Read more...16 May 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.
Read more...15 May 2024
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
Read more...14 May 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.
Read more...13 May 2024
With the start of the next tax year a recent memory, many of us will be looking to find the best ISA deal to make the most of the new year’s £20,000 allowance. New rules mean that you can now put money into the same type of ISA with different providers, so you may be […]
Read more...13 May 2024
Defined Benefit (DB) pension schemes have long been a cornerstone of retirement planning in the UK, offering retirees a guaranteed income based on their salary and years of service. However, the sustainability of these schemes is under scrutiny due to evolving regulatory landscapes and financial pressures. Challenges ahead for DB pensions Recent discussions by MPs […]
Read more...13 May 2024
Introduced in November 2021, Long-Term Asset Funds (LTAFs) are a relatively new category of UK-authorised and regulated open-ended fund vehicles. They are specifically designed to facilitate investments in long-term, less liquid assets while offering access to retail investors. This integration is achieved by aligning the liquidity of the asset with the frequency of redemptions, underpinned […]
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