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The biggest tax change in decades The accounting year is all about rules and deadlines, but this year we’re counting down to one of the biggest shifts in business reporting procedures since the introduction of self-assessment in 1996. Making Tax Digital (MTD)...

Virtually all business is now conducted digitally to one extent or another, with the pace of change ramping up significantly during and since the Covid pandemic. Increasing reliance on remote connectivity, including AI-devised systems, is bringing us closer together...

When we hear about bosses’ bonuses and dividends for shareholders, you could be forgiven for thinking that every company prioritises profit and that a business is only considered successful based on its profitability.  Far from it. In the UK today, there are...

(Well almost, your accountant knows the rest) You might associate the term capital allowances with business expenditure and taxation and think it has something to do with bigger businesses and those which purchase machinery and vehicles. Capital allowances are a...

The dust is settling on last week’s budget announcements, some of which were the UK’s worst-kept secret, whilst others were largely anticipated. Few were surprised by the Chancellor's changes to tax rules and allowances on short-term holiday lets which have benefitted...

Strictly speaking, you don’t have to register your business for VAT until you reach the turnover threshold of £85,000 per 12-month trading period. And, turnover means your total sales, not profits, so a start-up business can quickly become liable. What every new...

Hundreds of retail bank branches have closed down across the UK in the past 18 months. This has left some communities with no physical banking facilities. Those in need of an over-the-counter service are forced to travel to a congested branch that may have restricted...

This is a fundamental area of your day-to-day finances that often gets ignored. Tax codes should be on your radar to check regularly as the information is personalised to your tax situation. Where to find your tax code, and what it means A tax code appears on your...

There’s a lot of mystique surrounding financial audits. Those words alone can give business owners cause for sleepless nights. The fear of incurring fines drives some business owners to spend time and money on preparing and completing unnecessary audits. This guide...

We’ve had a couple of months to catch our collective breath since the frenetic 31st January self-assessment deadline, but it’s just one of many. As one tax year ends, so another begins The tax year consists of numerous deadlines that differ for business and personal...

We may be enjoying a milder autumn, but winter is coming and property investors need to be vigilant. Winter 2022/23 will present more challenges to property owners and residents as we all try to cut the cost of heating our homes. Temperatures inside properties that...

Inheritance tax is a tax paid to the UK Government by the estate of someone after they die.  Also referred to as death duties, the amount of tax paid depends on many factors. Inheritance tax is calculated according to the value of money, property and possessions...

Ownership of second homes in picturesque areas of Britain is a contentious topic. But, let's not forget that not all are 'homes' and are, in fact, businesses. In 2018/19 - 495,000 properties in the UK were reportedly second homes, a figure that has undoubtedly risen...