News

How the Marriage Allowance works

The Marriage Allowance lets you transfer £1,260 of your Personal Allowance to your husband, wife or civil partner. Your Personal ...
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Self-employed National Insurance

Most self-employed people are required to pay Class 4 National Insurance contributions (NICs). Class 4 NICs are payable if their ...
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National Insurance liability on benefits in kind

National Insurance contributions that relate to employee benefits are known as Class 1A National Insurance contributions. Employers must pay these ...
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How capital gains are linked with Income Tax

How capital gains are linked with Income Tax is important to understand as your overall income position affects the Capital ...
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How dividends are taxed

Dividends are taxed differently from other types of income, with separate allowances and tax rates that depend on your overall ...
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The 60% tax band

Many taxpayers are surprised to learn that once their income exceeds £100,000, they can face an effective tax rate of ...
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A pattern of workplace harassment may be treated as a continuous event

A pivotal ruling has raised a protective umbrella over those impacted by a toxic workplace environment, potentially extending employers' legal ...
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Non-tax considerations when returning to the UK

Returning to the UK after a period abroad can feel straightforward on the surface, but there are a number of ...
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Update on Companies House plans for profit and loss filing

There has been considerable discussion over the past year about whether small companies would be required to file profit and ...
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Shoredons & Co Legal is a modern, fully remote law firm that has been supporting the TAG Community since 2023.

Our team of specialist solicitors advise on almost all legal aspect of running a business. Including: • Shareholders’ agreements; • ...
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Very happy client and accountant

We recently helped a client to purchase a main residence who had been renting for many years. There were numerous ...
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Gifts to a spouse or civil partner

Transfers of assets between spouses or civil partners are usually free from Capital Gains Tax (CGT). When you give or ...
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NIC and tax after reaching State Pension age

If you continue working after reaching State Pension age, your National Insurance position changes, but your Income Tax obligations largely ...
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Setting off losses against other income sources

If you are self-employed or a member of a partnership, you may be able to claim tax relief when your ...
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Tax on savings interest

If your taxable income for the 2026–27 tax year is less than £17,570, you will not pay any tax on ...
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How bonuses are taxed

Bonuses are treated as taxable earnings, so both employers and employees need to understand how they are taxed and reported ...
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Reclaiming VAT on taxi and ride-hailing fares

Changes announced in the Autumn Budget have removed the use of a niche VAT scheme known as the Tour Operators ...
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Cash flow resilience in uncertain trading conditions

Rising costs and economic uncertainty have made cash flow management more important than ever. While many businesses focus on profit, ...
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