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Autumn Budget 2024 - Initial Reaction

After months of speculation, the Chancellor, Rachel Reeves, delivered the first Labour Budget for 14 years.

In this article we summarise the main tax changes announced in today’s budget.

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Strategies for Reducing Your Corporation Tax Bill

For business owners, managing corporation tax efficiently is a key aspect of maintaining a healthy bottom line. Here are several strategies to help reduce your corporation tax bill legally and effectively.

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Spring Budget 2024 Summary

In this blog, we take a look at the key tax announcements made in this year’s Budget as announced by Jeremy Hunt.

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Gifts out of Income - Inheritance Tax Planning

Inheritance tax is sometimes described as an optional tax. It is possible to give away significant amounts without those amounts falling within your death estate even if you die within seven years. In this blog we explore how this works.

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Record Keeping for Tax Residence

The UK has a detailed Statutory Residence Test to determine someone’s tax residency position. Under this, detailed and accurate record keeping is essential to work out someone’s residency position. A small error can have significant tax consequences. In this blog, we take a look at the sorts of records that should be kept.

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Latest Changes to R&D Processes

A number of procedural R&D changes have come into force.   These are aimed at tightening up on what HMRC believes is a large number of incorrect claims, particularly by smaller entities. These changes are ensuring that claims must be accompanied by minimum supporting information and explanation.

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Autumn Statement 2024 - Tax Highlights

Chancellor Jeremy Hunt announced a number of tax and National Insurance changes in his Autumn Statement speech. We take a look at the key announcements as well as some of the other tax changes that have been published.

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Effect of rising interest rates on property landlords

As fixed rate mortgages expire and need to be remortgaged at higher interest rates, many landlords are reconsidering the viability of their letting businesses. In this blog we explore the effect of rising interest rates on property landlords.

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My Accountant Isn't Giving Me Any Tax Advice - Help!

Are you feeling lost and frustrated because your accountant isn't providing the tax advice you need? If you're seeking expert tax guidance, you might want to consider consulting a Chartered Tax Adviser to ensure you're on the right track.

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Company Car Tax Treatment

In this blog we take a look at how company cars are taxed.  We explore the tax treatment for companies, directors/employees and the self-employed, as well as the tax treatment when directors/employees own a car personally.

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