In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.
Plan a little, achieve a lot – Destress with effective tax planning
April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.
Is your partnership tax-efficient?
Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs.
Funding for growing businesses – Obtaining and managing private investment
Funding for businesses can come in a range of forms depending on your needs, creditworthiness and projected ability to make repayments. While many business owners choose to take out commercial business loans to meet their funding needs and growth goals, this is not the only option, particularly if you think that repayments with interest could […]
Have you used your capital allowances this financial year?
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill.
Why do SMEs need an accountant?
If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant.
My business prioritises sustainability – Can I claim tax reliefs?
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.
HMRC U-turns on its double cab pickups tax decision
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.
Government to change tax law twice before election – How to prepare
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.