Mar. 25, 2024
News
December 18, 2023
NIC reforms for the self-employed
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National insurance contribution (NIC) changes for the self-employed announced in the Autumn Statement come in from 6 April 2024 and will be welcome news. But the reforms don’t go far enough to offset the continuing cost of frozen tax thresholds.
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December 15, 2023
What is working capital finance and how can it improve cashflow?
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Sometimes businesses find themselves without enough working capital. In this blog, we look at what working capital finance is available and the benefits of them to your business.
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December 11, 2023
The decline of trusts
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The number of trusts filing self-assessment tax returns for 2021/22 was 37% lower than for 2003/04. The decline comes as no real surprise given the eroding advantages of using a trust and the recent requirement to register trusts with HMRC.
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December 4, 2023
Updated tax guidance for electric company car charging
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HMRC has updated its guidance to clarify that there is no taxable benefit when an employer reimburses employees who charge their electric company cars at home. Previously, HMRC maintained that the relevant exemption did not apply.
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November 27, 2023
VAT registration goes online only
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HMRC is moving ahead with its ‘digital by default’ ambition by pushing VAT registration to online only. Any business unable to use the online registration service will have to call HMRC’s VAT helpline to obtain a paper registration form.
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November 22, 2023
Autumn Statement 2023 – What it means for your business
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Today, Chancellor Jeremy Hunt delivered his Autumn Statement. The Chancellor said this Autumn Statement included 110 measures to “Help grow the British economy and back British business”, but were today’s announcements in line with this promise?
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November 20, 2023
Handy hints ahead of self-assessment
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The 31 January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered.
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November 13, 2023
Free property alerts for landlords
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Landlords in England and Wales might not be aware, but there is a free property alert service that monitors any significant activity on let property.
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November 6, 2023
An uncertain future for the Triple Lock
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State pension increases could be outpacing inflation next April, and there’s no guarantee of the Triple Lock surviving the next election.
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October 30, 2023
Energy efficiency targets shelved
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The government’s backtracking over the introduction of energy performance targets for property let out in England and Wales is facing criticism, but it will be welcome news for landlords.
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October 23, 2023
Farewell to inheritance tax?
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There are now reports that the March 2024 Budget will include a reduction to the 40% IHT rate as a prelude to future abolishment.
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October 9, 2023
Deferring your state pension
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Most people draw their state pension as soon as it becomes available, but If you do not make that claim your state pension is automatically deferred until you choose to claim it.
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