News

How to maximise tax relief on losses to offset higher employment costs
14 May 2025

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies.
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How HMRC treats cryptoassets disposed of by businesses
14 May 2025

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies.
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HMRC is closing its free Company Tax Return service
14 May 2025

HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026.
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Joint owners of Furnished Holiday Lets prepare for increased taxes
14 May 2025

With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare for higher tax bills.
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Beware tax avoidance scheme promoters – HMRC cracks down with new powers
14 May 2025

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes.
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Is your remuneration strategy still tax-efficient in 2025/26?
14 May 2025

Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year.
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Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances
14 May 2025

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially.
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Too many businesses falling into VAT traps
24 April 2025

VAT is complex, and too many businesses are making costly, avoidable mistakes.
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900,000 sole traders pulled into MTD for ITSA
24 April 2025

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year.
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Labour introduces harsher penalties for late taxpayers
24 April 2025

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA).
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