A selection of great tools, business guides and articles to help make your business a success
The official classification of company sizes is set to change from April, with many firms being identified as smaller than they were previously, which should make filing company accounts more straightforward. The new legislation, The Companies (Accounts and Reports)...
While most of us were ringing in the New Year with a chorus of Auld Lang Syne or nursing a hangover from the revelries, nearly 25,000 people filed their tax return on January 1, 2025, according to HMRC figures. Most people – 2,603 – filed their returns between 14:00...
Anyone buying a property from April 1, 2025, will face higher levels of Stamp Duty Land Tax (SDLT) in England and Northern Ireland as the Stamp Duty thresholds fall back to their previous levels. The current higher threshold of £250,000 before people start to pay SDLT...
Stamp Duty Land Tax (SDLT) is the tax payable on most property purchases within the UK, and the figures for who needs to pay what are set out very clearly by HMRC. But there are times when specific allowances can be made that reduce the amount of SDLT due. Depending...
A change in the way HMRC is calculating when tax is due to be paid on profits arising for the self-employed or members of a Limited Liability Partnership (LLP) mean they could be facing higher bills in January than they are expecting. The new Basis Period Reform,...
HMRC is warning people who are filing Self-Assessment returns to be on the look out for fraudsters, after customers referred nearly 150,000 frauds to the taxman in the last year. As the January 31, 2025, deadline looms, the scammers are targeting people with tax...
Most of us have heard about the Self-Assessment tax regime, especially those who are self-employed or who need to declare income outside of their main PAYE job. But some people will have received Simple Assessment letters from HMRC, and they may need to pay a tax bill...
Inheritance tax is one of the most unpopular taxes in the UK, as many people will pay 40% tax for the first time after they have died. The confirmation in the Budget that the IHT threshold of £325,000 will be frozen until 2030, and that any unused pension that is...
Each year there are a number of items you can claim for when you’re planning the firm’s Christmas party, and looking at this ahead of the festive season can result in savings for your business. To be exempt, the party must be open to all employees, be an annual event...
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