Tax chores if managing a deceased person’s estate
When someone dies, their personal representative (executor or administrator) must value their estate to determine...
Tax on inherited private pension pots
Private pensions can be a great way to pass on wealth, but tax implications depend...
How umbrella companies work
Umbrella companies offer an easy way for freelancers and contractors to get paid without running...
31 January deadline met by more than 11.5 million people
Over 11.5 million people met the 31 January 2025 self-assessment deadline, but 1.1 million taxpayers...
When is a hobby a business
Not sure if your hobby is actually a taxable trade? HMRC uses ‘badges of trade’...
Small duty cuts on draught products from 1 February 2025
From 1 February 2025, alcohol duty on draught pints has been cut for the first...
Tax Diary March/April 2025
1 March 2025 - Due date for Corporation Tax due for the year ended 31...
Late Payment Support for Small Businesses – How to Protect Your Cash Flow
Cash flow is the backbone of any small business, yet late payments continue to be...
A Small Business Guide to Exporting and International Trade
Expanding into international markets can be a game-changer for UK small businesses, opening up new...
Reminder of Employer’s NIC changes from April 25
From 6 April 2025, employers will face a 1.2% rise in National Insurance contributions, alongside...
Reforms to taxation of non-doms from April 2025
From 6 April 2025, the remittance basis of taxation will be scrapped in favour of...
How to check your tax code
Your tax code determines how much tax is deducted from your pay. While 1257L is...
Who needs to register for an EORI number
If you are moving goods across borders, an EORI number may be essential for customs...
Self-employed must report profits on tax year basis
Big changes are here for the self-employed! From 2024-25, profits must align with the tax...
Student and postgraduate loan thresholds and rates
From 6 April 2025, new thresholds for student loan repayments will take effect, impacting borrowers...
It is not always possible to mend fences – Reinstatement is not always a practicable option where there is a breakdown in employment relations
The Employment Appeal Tribunal (EAT) upheld claims of constructive dismissal and disability discrimination against Whyte...
Understanding the UK’s Bank Deposit Guarantee Scheme
The UK government offers a robust safety net for savers through the Financial Services Compensation...
Google to Tackle Fake Reviews Following CMA Investigation
In a significant move to enhance trust in online reviews, Google has agreed to implement...
How donations to charity can provide tax relief
Gift Aid transforms charitable donations by allowing charities and CASCs to claim 25p extra for...
Designating a property as your main residence
Owning more than one property? You can claim Capital Gains Tax (CGT) relief on just...
Beware false business rates warnings
The 2023 Revaluation updates business property rateable values, based on April 2021 valuations. While challenges...
Claiming VAT on pre-registration purchases
Businesses can reclaim VAT on pre-registration expenses if they relate to taxable supplies made after...
Dealing with company unpaid debts
Unpaid debts can put a limited company at risk of a winding-up petition, potentially leading...
Rolling over capital gains
Business Asset Rollover Relief allows you to defer Capital Gains Tax (CGT) when reinvesting proceeds...
