As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth...

As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the...

Work may be undertaken on a property to repair it or to improve it, and it will not always be clear where the dividing line falls. The...

Not all property is equal when it comes to stamp duty land tax (SDLT). Higher rates apply to residential properties than to...

A would-be property investor will need to be able to fund the purchase of their investment property. They may choose to do this...

The cost of living crisis has impacted on people’s ability to take holidays and short breaks. If you are a landlord letting a furnished...

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced from 6 April 2026 From the outset, it will apply to...

It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the...

HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as 'the tax gap' as being '4.8% of total...

Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build...

Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) – a benefit worth...

Noone wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is achieved...

As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your 2023/24 dividend...

If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals,...

In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from...

The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from...

Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you want to have...

Although inflation is now on a downward trend, the sharp cost rises over the last 18 months are baked in. Energy prices are increasing...

The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid...

With a combination of low growth and high inflation, the 2022/23 tax year has been a tough time, financially speaking, for many of us. So...