What tax reliefs can businesses in the creative industry claim?
To support the vibrant sector that is the creative industry, the Government offers an array of tax reliefs and expenditure credits.
Read more...20 Dec 2024
Tax
11 Dec 2024
Understanding company van expenses for sole traders
If you are a sole trader, you must consider the tax implications of owning a van for business use. For sole traders, a van is often an indispensable tool of the trade.
Read more...6 Nov 2024
Buying a second home? Watch out for the new SDLT increase
With the Government’s announcement of a two per cent rise in Stamp Duty Land Tax (SDLT) on second homes, buyers now face a five per cent surcharge on additional property purchases. For aspiring property investors or those looking to expand their portfolios, it is essential to consider strategies to offset this increased expense. Firstly, you […]
Read more...2 Oct 2024
What are PAYE Settlement Agreements and how can they benefit employers?
PAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees.
Read more...8 Aug 2024
Paying tax on time – The importance of timely tax payments
It goes without saying that submitting tax payments promptly is a necessity for businesses, not only to remain compliant but also to avoid unnecessary fines and penalties.
Read more...10 Jul 2024
Potential tax increases and their impact on businesses
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.
Read more...10 Jul 2024
Labour’s election win – Understanding its impact on your finances
As the sun rose on Friday morning, Labour began its celebration of a significant victory, claiming a majority that fell short of its last landslide success in 1997. With a manifesto focused on change, its proposals for the next five years of Parliament are far-reaching, but not revolutionary. Now in power, it is important to […]
Read more...9 Jul 2024
Will Labour’s agenda in the King’s Speech signal major tax changes for businesses in 2025?
As the opening of Parliament approaches on 17 July, businesses across the country are bracing for the King’s Speech, which is expected to outline the Labour Government’s legislative priorities for the coming year.
Read more...2 Jul 2024
Bank opens door for August interest rate cut – What this could mean for your finances
The Bank of England has once again voted to keep interest rates at 5.25 per cent – a 16-year high. However, the minutes from the Bank’s most recent rate-setting committee suggest that they are looking to cut interest rates this August. If true, this would be the first drop in borrowing costs for more than […]
Read more...18 Jun 2024
Thinking of investing in electric cars for your business? – Here’s what you need to know
The number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles rose by 18 per cent and there are now some, 1.1 million fully electric cars on UK roads, according to official figures from April 2024.
Read more...5 Jun 2024
AI in tax investigations – What does it mean for you?
Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting it.
Read more...29 May 2024
Are you optimising profit extraction from your business?
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.
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