NIC advantages of part-time workers
Employers looking to take on new staff may wish to consider employing two or more part-time workers rather than one full-time worker. This can save
July 13, 2023
Limited Company Pay for Health Insurance
Can a Limited Company Pay for Health Insurance in the UK?
If you run a limited company, you may be wondering whether your business can cover the cost of private health insurance for you or your
April 25, 2025
SA302 And Tax Year Overview
Step By Step Guide To Download Your SA302 And Tax Year Overview For Mortgage Purposes
If you’re self-employed or submit a Self Assessment tax return, you may be asked for your SA302 and Tax Year Overview especially when applying for
April 23, 2025
Tax Implications
Investing in woodlands Tax implications of an unusual type of investment
Drive along a country road and you may come across signs advertising ‘Woodlands for sale’. Such signs invite investment in commercial woodlands which can come
April 12, 2025
Making Tax Digital
MTD – A time to incorporate?
After years of deferral, the long-anticipated Making Tax Digital (MTD) for Income Tax start date has finally been confirmed. This is a significant development that
April 11, 2025
Finance & Accounting>Furnished Holiday Letting
Relief for FHL losses post April 2025
From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential lets, and residential lets and
April 10, 2025
Business Entertainment
Business entertainment usually not allowable but when can you claim?
HMRC’s rules state that expenditure on business entertainment or gifts cannot be claimed as a deduction against profits (and therefore also non-VAT deductible), even if
April 10, 2025
ATED Returns
ATED returns for 2025/26
The annual tax on enveloped dwellings (ATED) is a tax that is payable mostly by non-natural persons (mostly companies) owning UK residential property valued at
April 8, 2025
Making Tax Digital
Looking ahead to MTD for landlords
The way that many landlords will report details of their income and expenses to HMRC is changing from April 2026 onwards. This is when Making
April 7, 2025
Taxable expenses and benefits
Reporting 2024/25 taxable expenses and benefits
If as an employer you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet
April 6, 2025
Finance & Accounting>Company Car
Taxation of company cars in 2025/26 and beyond
Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage
April 5, 2025
Official rate of interest
Official rate of interest
The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related
April 4, 2025
Finance & Accounting>Pension
Pension savings in 2025/26
Putting money into a registered pension scheme can be tax efficient. Individuals can make contributions in their own right, or even for someone else, and
April 3, 2025
National Insurance
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced somefar-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to employees
April 2, 2025
Changing from sole trader to limited company
Changing from a Sole Trader to a Limited Company: Is It Worth It?
If you’re currently operating as a sole trader in the UK, you might be considering whether changing to a limited company is the right move.
March 21, 2025
Savings Account Tax Warning
HMRC Savings Account Tax Warning: Important Information You Should Know
Many UK savers may not realise that interest earned on savings accounts could be taxable. With HMRC increasing its focus on unreported savings interest, it’s
March 21, 2025
Best Accountant
Best Accountant in England – Why Choose Us?
When it comes to managing your finances, finding the best accountant can make all the difference. Whether you’re a small business owner, a freelancer, or
March 19, 2025
National Insurance
Looking for your National Insurance number online in the UK?
Your National Insurance (NI) number is a unique identifier used by HMRC to track your tax and contributions. If you’ve misplaced it, don’t worry—you can
March 18, 2025
Child Benefit
How to Claim Family Allowance (Child Benefit) in the UK?
Family Allowance, officially known as Child Benefit, is a payment from the UK government to help parents or guardians with the cost of raising children.
March 18, 2025
Personal Allowance
Time running short to use your 2024/25 personal allowance
Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For 2024/25,
March 11, 2025
Timing your payments
Timing your payments around the year end
For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income
March 6, 2025