Putting money into a registered pension scheme can be tax efficient. Individuals can make contributions in their own right, or even for...

Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025....

The favourable tax regime that applies to landlords letting furnished holiday accommodation comes to an end on 5 April 2025. For 2025/26...

Farmers have been hitting the headlines of late following the October 2024 Budget announcement that the rate of agricultural property...

The way in which unincorporated landlords obtain relief for interest depends on the nature of the property that they let. Where the...

There comes a time in every business owner's life when retirement looms and thoughts turn to succession planning. Planning should ideally...

Buy an item in a shop and you will increasingly be asked whether you want a receipt. Although a receipt provides useful evidence of...

Most employees can identify their permanent place of work because it is where they regularly go to work. However, post-Covid, many...

Employees who incur expenses in undertaking their job may be able to claim tax relief for those expenses where they are not reimbursed by...

For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals...

Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For...

Individuals have a separate tax-free allowance for capital gains tax purposes – the capital gains tax annual exempt amount. Although it...

If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to...

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...