Making Tax Digital is expanding – here’s what sole traders need to know
Posted on April 16, 2025 Posted in - Blog, Blogs
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Category: Blog
Time is running out to respond to the open consultation on reforms to APR and BPR
Posted on April 15, 2025 Posted in - Blog, Blogs
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT).
Rising BADR rates bring MBO timing into sharper view
Posted on April 10, 2025 Posted in - Blog, Blogs
The idea of selling a business to its management team has long been part of succession planning in the UK.
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Posted on April 9, 2025 Posted in - Blog, Blogs
Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely with the Bank of England base rate.
Why Trump’s tariffs could have more of an impact on your finances than you realise
Posted on April 8, 2025 Posted in - Blog, Blogs
As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume this is a crisis confined to Wall Street or the multinational giants.
Will a discretionary trust prevent your home from qualifying for the residence nil rate band?
Posted on April 3, 2025 Posted in - Blog, Blogs
No one wants to pay more Inheritance Tax (IHT) than they have to.
Are your payroll practices compliant with the new minimum wage rates?
Posted on April 2, 2025 Posted in - Blog, Blogs
1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW).
Major changes ahead for directors of close companies – New dividend reporting rules from April 2025
Posted on April 1, 2025 Posted in - Blog, Blogs
From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns.
Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement
Posted on March 27, 2025 Posted in - Blog, Blogs, Making Tax Digital, MTD, Self Assessment, Self employed & self assessment, self-employed, SME, SMEs, Tax
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.
Time is running out to make personal pension contributions for the 2024/25 tax year
Posted on March 26, 2025 Posted in - Blog, Blogs
The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing the deadline.