Welcome news for thousands as Income Tax reporting threshold set to increase
13 Mar 2025
In a move to simplify tax compliance and boost the economy, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will rise from £1,000 to £3,000.
Road tax changes for electric vehicles – How to secure an extra 12 months tax-free
11 Mar 2025
If you own an electric or low-emission vehicle, you have likely enjoyed the benefit of paying zero road tax.
Planning your exit? Watch out for the BADR changes
6 Mar 2025
If you are thinking about selling your business, timing could be everything. Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, helps business owners reduce their Capital Gains Tax (CGT) liability when selling qualifying assets. However, with adjustments to
Paying your employees will cost you more after 6 April
6 Mar 2025
From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect, increasing payroll costs for many businesses. If you employ staff, it is advisable to prepare now for how these changes will impact you financially. Here are
Why you need to meet with your accountant before April
6 Mar 2025
As the end of the tax year approaches, it is a good time to review your personal tax position and ensure you are making the most of available allowances. Unlike company tax planning, which can take place throughout the year,
Upcoming Inheritance Tax changes that could affect you
6 Mar 2025
Upcoming changes to Inheritance Tax (IHT) will be phased in over the next two years. With property values rising and the IHT nil-rate thresholds remaining frozen until 2030, more estates will face unexpected tax bills if they fail to plan
Time is running out to check for gaps in your State Pension!
6 Mar 2025
If you have had career breaks, worked abroad, or earned below the National Insurance (NI) threshold, you could have gaps in your State Pension. HM Revenue & Customs (HMRC) extended the deadline for voluntary NI contributions (NIC) to 5 April
Will Trump’s tariffs impact your business?
6 Mar 2025
President Trump’s tariff proposals are creating uncertainty in global markets. While the UK has not been directly targeted yet, British businesses could still feel the impact of U.S. trade policies. Trump’s latest proposal to impose reciprocal tariffs on countries with
Could a Family Investment Company help you manage tax and protect wealth?
6 Mar 2025
For individuals and business owners looking to preserve wealth for future generations while maintaining control over their assets, Family Investment Companies (FICs) are an alternative option to trusts.
HMRC sends letters as next phase of MTD edges closer
4 Mar 2025
From April 2026, the way you report your income tax will change.
