Employing young people in your business

When a new employee joins your payroll, it is the employer’s responsibility to ensure they are aware of their rights ...
Read More

The 7-year gift rule is still available

The 7-year gift rule is still an available option for those making lifetime gifts, offering a way to potentially reduce ...
Read More

Rolling over capital gains

Rolling over capital gains can be an effective way for business owners to defer Capital Gains Tax (CGT) when selling ...
Read More

Could you claim the Marriage Allowance

The Marriage Allowance applies to married couples and civil partners where one partner does not pay Income Tax, usually because ...
Read More

MTD for Income Tax – are you affected?

If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, now is ...
Read More

VAT recovery on car leasing

The VAT treatment of car leasing is an important consideration for businesses that incurs VAT on these costs. In general, ...
Read More

Cash flow challenges facing small businesses

Cash flow remains one of the most significant challenges facing small businesses in the UK. Even profitable businesses can encounter ...
Read More

Ways businesses can reduce fuel bills

Tensions in the Middle East have increased concerns about potential disruption to global oil supplies. Even where physical shortages do ...
Read More

What are dividends and how are they taxed

A dividend is a distribution of a company’s profits to its shareholders. Companies may pay dividends in cash or additional ...
Read More

The Rent a Room Scheme

The Rent a Room Scheme is a set of special rules designed to help homeowners who rent out a room ...
Read More

Tax if selling a second property

You may have to pay Capital Gains Tax (CGT) tax when you sell or dispose of a property that is ...
Read More

Tax on inherited property, money or shares

As a general rule, someone who inherits property, money or shares is not liable to pay tax on the inheritance ...
Read More

How long should you keep your tax records

Following the deadline for submission of self-assessment tax returns for the 2024–25 tax year, it is a useful time to ...
Read More

Estimate your Income Tax for the current tax year

If you are concerned by the continuing pressures on your take-home pay and need some certainty on your Income Tax ...
Read More

Companies House blunder

A Companies House blunder has raised concerns after a flaw in the WebFiling service briefly exposed sensitive company data. The ...
Read More

When is a “self-employed” contractor a de facto employee?

The employment status of a former bricklayer was recently called into question in establishing liability for asbestos exposure. The widow ...
Read More

Business solvency, why it matters

Business solvency refers to a company’s ability to meet its financial obligations as they fall due and to maintain a ...
Read More

Exit planning, an essential step for business owners

Many business owners spend years building their companies but give far less attention to planning how they will eventually exit ...
Read More