Budget Summary 26 November 2025
The degree of speculation about this year’s Budget announcements was further compounded when the Office...
How a business grows financially by retaining profits
Many business owners focus on sales as the main driver of growth. Sales matter, but...
The link between planning and progress
Most business owners know that progress matters, but many still hesitate when it comes to...
Claim flat rate expenses for work clothing and tools
If you use your own money to buy items for work, you may be eligible...
National Insurance credits and Child Benefit
Claiming Child Benefit can provide an important benefit by granting National Insurance credits.
If you claim...
Taxable & tax-free state benefits
While there are many state benefits available, it is not always clear which of these...
What is a demerger?
A demerger involves splitting the trading activities of a single company or group into two...
Christmas crafters and tax
If you earn fees or sell goods as a side hustle, you may need to...
MTD – qualifying income
Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from...
Early termination of probation can constitute wrongful dismissal
The claimant began employment as a Contracts Coordinator on 23 January 2023, subject to a...
Preparing for tighter credit conditions in 2026
Many small businesses rely on a mix of overdrafts, card facilities and short term loans...
Increase in the London congestion charge from January 2026
The daily charge for driving within the London Congestion Charge zone will rise from £15...
Penalty points for late filing of VAT returns
Many businesses are still unaware that the VAT late filing and late payment rules now...
Paying tax arrears using HMRC payment plans
If you are unable to pay your tax bill, it's important to reach out to...
Set up your tax app with HMRC
The free HMRC tax app now provides quick access to tax codes, income history, self-assessment...
Check when you can expect a reply from HMRC
HMRC offers a helpful online tool that allows agents and taxpayers to check when they...
HMRC contacting sole traders
HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting...
Enforcement of the minimum wage
The Department for Business & Trade has recently published a report that outlines the government's...
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...
