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Latest news and updates

Appeals against tax penalties

29 February 2024

It is not unusual for taxpayers to find themselves in a position where they disagree with a tax decision

Holiday Lets averaging election

29 February 2024

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions

Crack down on ‘fire and rehire’ practices

28 February 2024

The Government has announced action to tackle the use of controversial 'fire and rehire' practices. In a

A new champion for small businesses appointed

28 February 2024

An experienced entrepreneur has taken up a key role to promote the needs of small businesses to

Beware fake tax rebate offers

22 February 2024

HMRC continues to warn of the ever-present problem of fraudulent phishing emails, suspicious phone calls

Cost of living final payment 2023-24

22 February 2024

The Cost of Living support package has been designed to help over 8 million households in receipt of

Are you self-employed?

22 February 2024

Self-employed taxpayers should notify HMRC as soon as practicable when they begin working for themselves.

Types of limited companies

22 February 2024

A limited company is a company ‘limited by shares’ or ‘limited by guarantee’. Limited by shares This is

Entitlement to Business asset disposal relief

22 February 2024

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or

Letting part of your home

22 February 2024

In general, there is no Capital Gains Tax (CGT) on a property which has been used as the family's main

Top-line, bottom-line?

20 February 2024

Most small business owners are happy, from a financial point of view, if sales are in line with

Importing or exporting for the first time?

20 February 2024

If you are considering selling or buying to or from companies based outside the UK, you may well be

A reminder that NLW and NMW rates are increasing

15 February 2024

A reminder for our readers that the National Living Wage (NLW) and the National Minimum Wage (NMW) rates

Checking Furnished Holiday Let property occupancy

15 February 2024

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions

Eligibility for the VAT Flat Rate Scheme

15 February 2024

The VAT Flat Rate scheme is open to VAT registered businesses that expect their taxable turnover in the

Tax on inherited private pensions

15 February 2024

Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any,

What is Class 1A NIC?

15 February 2024

Class 1A NICs are paid by employers in respect of most benefits in kind provided to employees such as a

Autumn Finance Bill 2023 update

15 February 2024

The government published the Autumn Finance Bill 2023 on 29 November 2023. The Bill is officially known


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