Latest News & Information
Introduction: In the realm of employee benefits, it’s not uncommon for employers to explore innovative ways to incentivize and reward their staff. One such avenue is the provision of trivial benefits in kind. These benefits, although often small in value, can yield significant advantages for employers. In this blog post, we’ll delve into the concept of trivial benefits in kind …
Introduction: The implementation of Making Tax Digital (MTD) in the United Kingdom is set to bring significant changes to the tax system, particularly for sole traders and landlords. In this blog post, we will summarise the key points you need to know about the Making Tax Digital rules based on the latest information available. Phased Implementation: MTD for Income Tax …
Acquisitions can be transformative for small and medium-sized enterprises (SMEs), providing opportunities for growth and expansion. However, navigating the complexities of acquiring a new firm requires careful financial planning and expertise. This is where we come in. In this blog, we will explore how we can assist you, as an SME company, in the process of acquiring a new firm, …
Introduction: On the 22nd June 2023, The Bank of England’s decision to raise interest rates for the 13th consecutive time has garnered attention as it aims to curb rising prices. In this blog post, we’ll explore the key details and delve into the impact of these interest rate hikes on homeowners, savers, and the overall economy. The Recent Interest Rate …
Introduction: The landscape for landlords in the United Kingdom has undergone significant changes with the introduction of new legislation. These changes have far-reaching implications for both landlords and tenants, and it is crucial to comprehend the intricacies of these new rules. In this blog post, we will explore the key updates to landlord legislation in 2023 and examine how these …
Introduction: Unincorporated businesses, such as sole traders and partnerships, are facing significant changes in their income tax reporting obligations. The new rules, implemented by HMRC in April 2023, have raised concerns as many businesses appear to be unaware of the potential impact. This blog post aims to provide an overview of the changes and the implications for unincorporated businesses, emphasising …
Introduction: Inheritance tax planning is a crucial aspect of managing your finances effectively, ensuring that your hard-earned assets are preserved for future generations. By understanding the available strategies and taking advantage of applicable allowances, you can minimize the impact of inheritance tax legally and optimize your family’s wealth. In this comprehensive guide, we’ll walk you through essential steps to save …
Introduction: Tax evasion is a significant concern in any country, including the United Kingdom. It undermines the integrity of the tax system, deprives the government of vital revenue, and places an unfair burden on law-abiding citizens. To combat this issue, Her Majesty’s Revenue and Customs (HMRC) conducts investigations to uncover unpaid taxes and hold individuals and businesses accountable for their …
Get ahead of the curve with our bespoke 2023 to 2024 tax rates handbook. Understand what changes have been made by the government in the way your income is being taxed. The handbook also contains a list of key dates and deadlines such as self assessment payment dates and PAYE filing dates. Click here to download the PDF handbook If …
Click here to download the full article >> Brace for more change Have you used all your basic rate band and dividend allowance for 2022/23? Check which benefits are tax-free for 2022/23 and, to avoid P11D issues on other benefits, meet the deadline for making good the benefit. Consider the tax incentives for electric or hybrid company cars. Can your …
