Blog
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.
Effective strategies for controlling business costs
Implementing effective cost-control strategies can help businesses streamline operations, improve efficiency, and enhance financial stability. In this blog we consider some key strategies.
What Business Expenses Can I Claim as a Limited Company?
We take a look at some of the common types of expenses that limited companies can claim and provide clarity on their tax deductibility.
Understanding VAT Thresholds and Responsibilities of Being VAT Registered
Understanding VAT thresholds and the responsibilities that come with being VAT registered is crucial for businesses to ensure compliance and avoid penalties.
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.
Do you earn over £100k? Avoid the 60% tax trap and preserve your tax-free childcare!
Individuals earning between £100,000 and £125,140 could be paying tax at an effective rate of 60%. In this blog we look at why and how this could be avoided.
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.
Employment Allowance for National Insurance Contributions
Employers can claim to reduce their employers national insurance liability by the employment allowance per tax year. Many employers qualify although there are some exclusions, we explore this in our latest blog.
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.
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.
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.
The Impact of Poor HMRC Services and How Your Accountant Can Help
Navigating the intricacies of tax can be an arduous task at the best of times, but when HMRC are difficult to deal with it makes the process all the more difficult. In this blog we take a look at the key issues and how accountants can help.
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.
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.
Minority vs. Majority Shareholders and the Importance of a Shareholders Agreement
Shareholders can be broadly categorised into two groups: minority shareholders and majority shareholders. Understanding the dynamics between these two groups is crucial for maintaining a healthy and harmonious corporate environment - we explore this in our latest blog.
Navigating Rising Interest Rates: Mitigating Risk for Business Owners
For business owners, understanding how rising interest rates can affect their operations and implementing strategies to mitigate associated risks is crucial - we explore this in our latest blog.
Could My Business Benefit from Management Accounting?
In this blog post, we'll explore what management accounting is and how it can benefit businesses.
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.
Declaring Overseas Property to HMRC - Expat Tax Advice
In this blog post we will provide an insight into overseas property and its tax implications in the UK.
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.