News

Making Tax Digital: Are you ready for your first quarterly deadline?

If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to ensure you are ...
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Employee benefits: Are you creating tax problems without realising it?

Providing benefits and covering expenses for employees is a common part of running a business, but it is important to ...
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Could your savings generate a tax bill?

Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available ...
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Selling shares this year?

If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any profit, or 'gain', ...
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Have you overlooked this valuable capital allowance?

If you have invested in a new commercial building or carried out significant renovation work, you may have overlooked a ...
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Are you claiming all your allowable business expenses?

If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the ...
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Where do we draw the line between free speech and racism?

The volatile boundary between workplace speech, belief, and discrimination was recently ignited in a case that tested the sanctity of ...
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Tax Diary August/September 2026

1 August 2026 - Due date for Corporation Tax due for the year ended 31 October 2025. 19 August 2026 ...
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When did you last check your credit rating?

Many business owners regularly monitor their bank balance, sales and cash flow, but overlook another important financial indicator, their credit ...
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Company filing penalties you should avoid

Most company directors are aware that they must file annual accounts and a confirmation statement with Companies House. However, missing ...
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Child Benefit and the High Income Child Benefit Charge

The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives Child Benefit, and their adjusted ...
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Avoid 60% Income Tax band

A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once this threshold ...
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Meaning of Carried Interest

Carried interest is essentially a share of the profits from an investment fund that is paid to the fund managers ...
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Construction Industry Scheme responsibilities

The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage payments between contractors and subcontractors ...
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Don’t forget to pay your Class 1A NICs

Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025–26 tax year must be paid by 19 ...
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Meaning of Permanent Establishment

The term permanent establishment (PE) is an important tax concept for businesses that operate across international borders. In simple terms, ...
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Are you too dependent on one customer?

Many successful businesses begin by working closely with one major customer. While this can provide valuable income and stability in ...
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Five ways to improve customer retention

Winning new customers is important, but many businesses overlook the value of keeping the customers they already have. Existing customers ...
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