Dividends can only be declared out of a company’s available undistributed profits and even if the bank account is in credit as at the date
From 6 April 2025, furnished holiday lets are treated in the same way as other lets for tax purposes. Landlords letting both holiday accommodation and
Although the end of the tax regime for furnished holiday lettings relieved landlords of the need to keep track of the number of days for
There is a demand for garage space, particularly from tradespeople who want somewhere to store their tools safely rather than leaving them in their van
In an ideal world, everyone’s estate would be distributed according to their wishes. However, where someone dies without making a will, who gets what is
Employers have a duty to enrol eligible staff in a pension scheme. Staff are eligible if they are aged between 22 and state pension age
The tax exemption for trivial benefits is a useful one as it allows employers to provide certain low-cost benefits to employees without an associated tax
It is easy to make mistakes when completing your VAT return. However, where mistakes are made, it is important to correct them. This is fairly
Working from home isn’t just convenient it can also save you money. If your employer requires you to work from home, you may be able
Personal and family companies often make loans to directors. However, there can be tax and National Insurance implications of doing so. Where the loan remains
If you are self‑employed in the construction sector, you may have heard about the Construction Industry Scheme (CIS). Many sole traders are unsure how it
If you earn money outside of PAYE like freelancing, running a side hustle, renting out property, or earning investment income you may need to file
If you are self‑employed, a freelancer, or someone who receives untaxed income, HMRC may require you to make advance payments towards your tax bill. These
Buying your first home is a milestone, but it also comes with a lot of financial planning. One of the biggest costs buyers face in
Although many companies are facing difficult times, some have managed to accumulate a sizeable amount of cash in their business’s current account. Leaving this cash
Tax bills need to be paid on time otherwise interest and possibly penalties will accrue. HMRC is amenable to payment by instalments under the Time
The hot weather often brings thoughts of holidays, but for those in business, work is always on the mind. So, what is the tax position
Making Tax Digital (MTD) is HMRC’s long‑term plan to move tax administration online. It’s designed to reduce errors, improve efficiency, and give businesses a clearer,
HMRC publish a property rental toolkit which can be used to avoid making common errors when reporting income from property on the Self Assesment tax
Using a Self Invested Personal Pension (SIPP) to hold commercial property which can be rented to your personal or family company can be beneficial. Instead
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