Improve cash flow with smarter invoicing habits
Why cash flow matters
Profit is important, but cash pays wages, suppliers and loan repayments. Even...
Definition of a building sub-contractor
Know the rules for contractors & subs under CIS to avoid issues with HMRC.
Under the...
VAT – digital record keeping
HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all...
Trusts and Income Tax
Trustees must manage assets, follow tax rules, and register with HMRC where required.
A trust is...
Rules to protect effects of debanking
Banks must now give 90 days’ notice before closing accounts, giving customers more time to...
What is Support for Mortgage Interest?
SMI loans can help pay mortgage interest for those on benefits, but repayment is due...
Help with outstanding tax bills
HMRC’s Time to Pay lets eligible taxpayers spread tax bills over time, avoiding immediate enforcement...
A magical clause does not necessarily nullify employment status
A recent ruling has provided a timely reminder that substance trumps form in employment status...
Building value in your business
For many small business owners, the focus is on day-to-day operations. However, building long-term value...
Pre-Budget tax planning – act now
With the next UK Budget approaching, there is speculation about changes to tax rates, allowances...
Bank Rate trimmed to 4%
The Bank of England has knocked the main interest rate down to 4% today, cutting...
Interactive online tool for tax compliance check
HMRC’s new Q&A tool guides you through each step of a compliance check.
The free interactive...
Challenging your Council Tax band
If your property has changed or seems mis-banded, you may have the right to request...
Who can claim the IHT residence nil rate band
With the Residence Nil Rate Band (RNRB), families can pass on up to £1 million...
Reclaiming duty moving goods to Northern Ireland
Businesses can reclaim duties on qualifying goods moved to or through Northern Ireland since 2021
The...
Homebuyers warning
Properties needing repairs still count as homes and false claims to recover Stamp Duty Land...
HMRC to increase anti-money laundering fees
Fit and proper test fee to jump from £150 to £700 under HMRC’s proposed AML...
Employing family members in your business
Many small business owners turn to family members when looking to fill roles in their...
The value of retaining profits to support cash flow and growth
For small businesses and growing companies alike, one of the most reliable sources of funding...
Taxation of entertainment expenses
Many business gifts and hospitality costs are not tax-deductible under current rules.
Entertainment expenses including providing...
Estate valuation for IHT purposes
Before probate begins, you must estimate the estate's value to see if Inheritance Tax applies...
Found objects and Capital Gains Tax
Items discovered lying on land or buried in the soil, such as antiques or historical...
New self-assessment services announced by HMRC
New digital services have been launched that aim to make filing and managing tax returns...
Shared home ownership
Shared home ownership offers a more accessible route to owning a home for those who...
