Christmas cheer or tax liability? How trivial benefits impact your business
With Christmas right around the corner, many of you might be looking into ways to spread the holiday cheer among your employees. Maybe you want to give a box of chocolates to your executive assistant or a bottle of wine
Should you buy a double cab pickup before April?
If you are a sole trader or small business owner using a double cab pickup (DCPU) for your work, now is the time to consider your options. The Budget revealed a tax change for DCPUs that could have significant financial
What is the most tax-efficient salary choice for you after the Budget?
Directors have the ability to draw income from a business in several ways, including through the extraction of profits from the business, which can create significant opportunities to manage tax liabilities. Key tax rates and allowances for 2025/26 Here is
I am unable to pay my Income Tax bill – What can I do?
Sometimes, paying your tax bill on time can be difficult when costs are high. If you miss a payment deadline or think you will miss one because you are unable to pay your tax bill, you must contact HM Revenue
Are you claiming the right office-based expenses?
Claiming allowable expenses when calculating taxable profit as a self-employed business owner is an important step in preparing your tax return. It will ensure you are not paying more tax than you need to and help mitigate some of the
Employee Ownership Trusts – Your key to a tax-efficient exit?
If you are looking to plan your exit from your business, whether for retirement or to start your next venture, we know you want to achieve this as tax-efficiently as possible. Employee Ownership Trusts (EOTs) are an increasingly popular way
Businesses left to pick up the tab for Employment Rights Bill
The Government estimates that new obligations placed on employers under the Employment Rights Bill could result in substantial compliance costs – totalling around £5 billion. The Bill will introduce a ban on many zero-hour contracts and extend day one employment
Autumn Budget delivers Inheritance Tax blow to pension savers
In this year’s Autumn Budget, Chancellor Rachel Reeves announced that the majority of unspent pension funds will form part of an estate from April 2027 This move is expected to affect around eight per cent of estates each year. In
The value of technology – Why you should not rule out investment
Recent research by Three Business indicates that tech-enabled SMEs could add an impressive £79 billion to the UK economy over the next year. Technology is clearly a key driver and enabler of growth for businesses. Despite this, their research also
Employers squeezed as wages and National Insurance rise
In Chancellor Rachel Reeves’ 2024 Autumn Budget, she announced over £40 billion of tax increases, as the Government attempts to fill a £22 billion gap in public finances. The headline measure was a rise in employer National Insurance Contributions (NICs),
