Boosting confidence in tough times – How SMEs can adapt to financial challenges
Sep 17, 2024
The burden on small and medium-sized enterprises (SMEs) is already quite heavy due to the current economic climate, but it may worsen in the coming months, with potential changes to Capital Gains Tax (CGT) being considered in the October Budget. If ...
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How to effectively manage business expenses and improve profitability
Sep 12, 2024
Effective expense management is key to driving profitability in any business. Whether you're a small start-up or an established company, keeping a close eye on costs can be the difference between thriving and just surviving. Here are some practical strategies to help ...
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Gifts out of surplus income – A smart way to reduce Inheritance Tax
Sep 09, 2024
Making financial gifts during your lifetime is a thoughtful way to provide for your loved ones while also reducing your estate’s exposure to Inheritance Tax (IHT). One often overlooked but effective approach is using surplus income to make these gifts. Over time, ...
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HMRC cut advisory company car fuel rates – What does this mean for your business?
Sep 05, 2024
If your business reimburses employees for business travel in their company cars or if employees are required to repay fuel costs for private travel, it is important to keep up to date with the advisory fuel rates set out by ...
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What if the Chancellor increases Capital Gains Tax? A look ahead to the Budget
Sep 03, 2024
As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across the UK. Over the coming weeks, this series of blogs will look at areas of tax that might be affected by ...
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How to protect your business from HMRC-related scams
Aug 29, 2024
We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new ways and schemes to trick businesses into parting with their hard-earned profits. A recent warning from HM Revenue & Customs (HMRC) ...
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Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
Aug 27, 2024
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid. If you or your ...
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Tax planning tips for minimising dividend tax liability
Aug 22, 2024
As a business owner, managing your income well is vital for sustaining both your business's health and your personal finances. Recent changes to the dividend tax allowance have led to a significant increase in the number of individuals now paying dividend ...
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Hiring graduates? Here’s what you need to know about payroll management
Aug 20, 2024
It is the time of year when the job market is populated with new graduates, fresh from receiving their university results, and a great time for your business to pick out a talented new hire. Hiring recent graduates is a great ...
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Simple assessment letters sent to 560,000 taxpayers – What You Need to Know
Aug 15, 2024
HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax obligations. These letters, which will include a detailed calculation of tax owed, are being sent to customers who have taxable income ...
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