News

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 a lower NICs threshold. However, ...
Read More

Reforms to taxation of non-doms from April 2025

From 6 April 2025, the remittance basis of taxation will be scrapped in favour of a residence-based system. A new ...
Read More

How to check your tax code

Your tax code determines how much tax is deducted from your pay. While 1257L is the most common, different letters ...
Read More

Who needs to register for an EORI number

If you are moving goods across borders, an EORI number may be essential for customs clearance. Whether trading with the ...
Read More

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 year, replacing the old "current ...
Read More

Student and postgraduate loan thresholds and rates

From 6 April 2025, new thresholds for student loan repayments will take effect, impacting borrowers across the UK. Whether you're ...
Read More

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 & Mackay Limited (W&ML) in ...
Read More

Understanding the UK’s Bank Deposit Guarantee Scheme

The UK government offers a robust safety net for savers through the Financial Services Compensation Scheme (FSCS). This scheme is ...
Read More

Google to Tackle Fake Reviews Following CMA Investigation

In a significant move to enhance trust in online reviews, Google has agreed to implement substantial changes to combat fake ...
Read More

How donations to charity can provide tax relief

Gift Aid transforms charitable donations by allowing charities and CASCs to claim 25p extra for every £1 given—at no additional ...
Read More

Designating a property as your main residence

Owning more than one property? You can claim Capital Gains Tax (CGT) relief on just one at a time. By ...
Read More

Beware false business rates warnings

The 2023 Revaluation updates business property rateable values, based on April 2021 valuations. While challenges are open until March 2026, ...
Read More

Claiming VAT on pre-registration purchases

Businesses can reclaim VAT on pre-registration expenses if they relate to taxable supplies made after VAT registration. The rules differ ...
Read More

Dealing with company unpaid debts

Unpaid debts can put a limited company at risk of a winding-up petition, potentially leading to liquidation. Creditors may act ...
Read More

Rolling over capital gains

Business Asset Rollover Relief allows you to defer Capital Gains Tax (CGT) when reinvesting proceeds from selling business assets. By ...
Read More

Investing in new equipment for your business?

Making a significant investment in new equipment can be a transformative step for a business, improving efficiency, productivity, and competitiveness ...
Read More

Debt Management Plan

Navigating financial challenges can be daunting, but understanding the tools available can make a significant difference. One such tool is ...
Read More

Tax return for deceased person

Inheritance Tax (IHT) impacts estates over £325,000, with rates of 40% on death and 20% on certain gifts. A 36% ...
Read More