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May 29, 2023

2023/24 – the 23-month tax year?


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If you are self-employed, the new tax year may be longer than you think.

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May 22, 2023

Cash basis reform: potential turnover threshold changes


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With basis period reform now underway, HMRC is looking at further tax simplification for sole traders and partnerships by increasing the cash basis turnover threshold.

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childcare support
May 15, 2023

Childcare support extended to children over nine months


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The government is extending the provision of 30 hours of free childcare for 38 weeks to now include all pre-school children over the age of nine months.

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Paper tax return
May 8, 2023

Demise of paper tax returns


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More than 12 million taxpayers file self-assessment tax returns, but less than 3% do so using a paper return.

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energy support boost
May 1, 2023

Energy support boost for home-based businesses and employees


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The energy support guarantee of £2,500 was extended in the March Budget for a further three months, welcome news for employees and small business owners.

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comapnies reorganise
April 28, 2023

Why do companies reorganise?


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Reviewing your business structure and understanding why companies reorganise is important. Undertaking a business reorganisation can be used to split off parts of your business and can help to minimise risk, prepare for sale and create tax saving opportunities.

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pension tax rules
April 24, 2023

The Budget surprise: changes to the pension tax rules


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Changes to the pension tax allowances announced in the March Budget could mean your retirement planning strategy needs to be reviewed.

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April 21, 2023

Changes in tax rates and ideas to think about


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The main rate of corporation tax rate increased from 19% to 25% from 1 April 2023.

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April 10, 2023

Winding-up petitions on the rise in HMRC squeeze


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With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity.

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March 28, 2023

End of Tax Year Planning 2022/23


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As the end of the tax year is fast approaching, we outline below key points to consider when reviewing your tax affairs ahead of 5 April 2023

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March 27, 2023

Pay attention to tax codes


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Most directors and employees will already have been issued a tax code for the 2023/24 tax year, and it is important to check the figures as a very large proportion of codes will be incorrect.

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March 20, 2023

HMRC sets its sights on hidden electronic sales


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It wasn’t that long ago that HMRC was paying particular attention to businesses understating large cash sales. Now, the decline of cash has led to a proliferation of software used to suppress electronic sales records.

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