How many businesses are there in the UK?
Current estimates suggest that there are around 5.6 million businesses operating in the UK. This...
Directors liability for company debts
A limited company is a separate legal entity. In normal circumstances, its debts belong to...
Tax Diary December 2025/January 2026
1 December 2025 - Due date for Corporation Tax payable for the year ended 28...
Updating your tax code
It is quite common for tax codes to be wrong, particularly if your income or...
P45s, P11Ds and P60s – what are they?
Most employees will come across forms such as the P45, P11D and P60 during their...
Company Voluntary Arrangements
A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows...
Tax and trivial benefits
There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as...
Pay for imports declared via the CDS
If your business imports goods into the UK, it is important to be familiar with...
Tell HMRC about unpaid tax on cryptoassets
Where cryptoasset tokens (also known as cryptocurrency) are held personally, this investment is usually undertaken...
Tread carefully when using temporary contracts to confer tax breaks
A recent ruling has established that temporary worker arrangements do not constitute a single, continuous...
Understanding the responsibilities of company directors
Taking on the role of a company director is more than holding a title. Directors...
Reviewing insurance cover
Many businesses arrange insurance in the early days and then only look at it again...
Beware of the risks of engaging employees as sham contractors
Recently, a clear legal precedent confirmed that the nature of an individual's work is determined...
Paying Class 4 NICs
If you are self-employed and your profits are above £12,570, you may need to pay...
When you don’t need to make payments on account
If you file a Self-Assessment return you may need to pay your tax in three...
Advantages of VAT Flat Rate Scheme
If your business has relatively low VATable expenses, the VAT Flat Rate Scheme can simplify...
Taxable benefits for use of company car
The tax you pay on the use of a company car depends largely on its...
Business Asset Disposal Relief – the present rates
If you are thinking about selling a business or shares, it is important to understand...
Why ID verification is supposedly good for business
Last week, we covered the new requirement for directors and persons with significant control (PSCs)...
Valuing and pricing goods and services
For any business, knowing how to value and price what it sells is fundamental to...
Facing change with confidence
Change is part of every business journey. Whether it is prompted by new technology, regulation...
Claiming for working at home
Employees who are working at home may be entitled to claim tax relief on certain...
Claiming lettings relief
If you have tenants in your home, it’s essential to understand the Capital Gains Tax...
Reporting foreign income to HMRC
If you are UK resident and receive income from abroad, such as overseas wages, rent...
