Although the economy is said to be stagnating with little growth on the horizon, many smaller companies are doing well and have healthy...

Employees often use their own cars for business journeys and are paid a mileage allowance by their employer to cover the cost of fuel and...

The VAT flat rate scheme is a simplified scheme for smaller VAT-registered businesses. While using the scheme will save work, this may...

Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on...

Where an employee has more than one job, they may be able to defer the payment of Class 1 National Insurance contributions in one or more...

There are various reasons why tax may be overpaid, and when more tax has been paid than is due, it is understandable that the taxpayer...

When starting a business, there are various decisions to make and tasks to perform. One of the first questions to address is whether to...

One of the more unpopular Budget announcements was the rise in employer’s National Insurance from 13.8% to 15% from 6 April 2025. The...

Owners of investment properties and second homes may decide to sell up for a variety of reasons. They may wish to take advantage of a...

There is a stamp duty land tax (SDLT) deadline on the horizon – from 1 April 2025, there are changes to both the residential SDLT...

Landlords letting furnished holiday accommodation have hitherto enjoyed a range of tax benefits, including the ability to deduct interest...

Protests by farmers following the October 2024 Budget have catapulted agricultural property relief (APR) into the spotlight. But what is...

The favourable tax regime for furnished holiday lettings is to come to an end on 5 April 2025. This will mean that landlords of furnished...

Stamp duty land tax (SDLT) is charged at the residential rates on residential property and at the non-residential rates on...

Purchasing a commercial property at auction is a common occurrence. Although usually the sale or lease of a commercial property is exempt...

For many years the most tax-efficient method of withdrawing monies from a company by a sole director/owner has been to take salary up to...

Benefits in kind (BIK) are goods and services provided to an employee (or a member of their family or household) for free or at...

As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment tax...

The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme,...

The payment of National Insurance contributions is linked to entitlement to the state pension. If sufficient National Insurance...