Temporary Staff
Temporary staff and auto-enrolment
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
August 11, 2025
Finance & Accounting>Tax Free Benefits
Tax-free trivial benefits
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
August 6, 2025
VAT
Correcting errors in your VAT return
It used to be possible to report errors in a VAT return to HMRC on form VAT652. This is no longer the case; form VAT652
August 3, 2025
Work From Home Relief
Work From Home Tax Relief: What You Can Claim and How?
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
August 2, 2025
Tax Implications
Tax implications of writing off a director’s loan
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
August 1, 2025
Construction Industry Scheme
Running Your Business Under CIS: Essential Advice for Sole Traders
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
July 31, 2025
Self Assessment Tax Returns
Registering for Self Assessment: Deadlines, Steps, and Tips 2025
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
July 30, 2025
payment on account
What Is a Second Payment on Account in the UK?
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
July 29, 2025
First Time Buyer Relief
First‑Time Buyer Relief: Eligibility, Rates and Examples
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
July 23, 2025
Finance & Accounting>Company
Too much cash in the company?
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
July 22, 2025
HMRC
HMRC has methods of collecting outstanding taxes
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
July 21, 2025
Finance & Accounting>Furnished Holiday Letting
Holiday time – Can any expenses for travel, hotels, etc be claimed if you visit a client on business whilst you are on holiday?
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
July 19, 2025
Making Tax Digital
Is Your Limited Company Ready for Making Tax Digital?
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,
July 17, 2025
Property Business
Take advantage of the property rental toolkit
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
July 16, 2025
Tax Implications
Tax implications of failing to pay rent on a property held in a SIPP
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
July 14, 2025
Self Assessment Tax Returns
Dealing with a Simple Assessment letter
Simple Assessment is used by HMRC to collect tax underpayments from taxpayers with straightforward tax affairs. It removes the need for the taxpayer to complete
July 12, 2025
Net Income
Calculating adjusted net income and why it matters
Adjusted net income is a key measure of income for tax purposes. It is total taxable income before taking account of any personal allowances and
July 11, 2025
Accounting Firm in Hounslow
The Most Recommended Accounting Firm in Hounslow
In a fast-paced business world, managing your finances isn’t just about balancing books; it’s about building a future. And that future needs a solid foundation
July 9, 2025
Finance & Accounting>VAT Registration
When do you need to register for VAT and how do you do it?
If you are running a business, regardless of whether you operate as a sole trader, in partnership or the business is run as a limited
July 5, 2025
HMRC PAYE Payments
HMRC PAYE Payments: A Complete Guide for UK Employers
If you employ staff in the UK, you must understand your responsibilities under the PAYE (Pay As You Earn) system. This guide breaks down what
July 4, 2025