Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen… Read more…
Is your remuneration strategy still tax-efficient in 2025/26? Read More »
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety
Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances Read More »
VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead to penalties, cash flow problems,
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government
Labour introduces harsher penalties for late taxpayers Read More »
Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax bill effectively. The earlier you
Should you submit your tax return at the start of this tax year? Read More »
The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across the country. These changes will
Why capital allowances should be top of your to-do list this April Read More »
From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect
Change to dividend reporting to affect thousands of owner-managed businesses Read More »
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