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Starting a business is a huge undertaking. Additionally, legal-documentation often feels complex and ongoing. Many business owners find it difficult to keep
The maximum capital gains tax (CGT) saving on a gain of £1m with the current rate of business asset disposal relief (BADR)
The recovery of VAT on motoring expenses continues to cause confusion to businesses and advisers alike, so here is a quick look
Crossing a higher earnings threshold is a positive milestone; however, it comes at a very high price in terms of your tax
Dividends are payments by companies to their shareholders as a way of distributing profits. Because those profits are subject to corporation tax,
Cowboy’ is a term often used to describe a tradesperson who is poor at their work and potentially untrustworthy. Similar to other
Many small businesses will start out as sole traders – the owner and the business are one and the same. Personal and business
Whilst having a large bank balance represents financial security and flexibility, leaving significant sums of cash sitting idle in the company’s bank account (i.e.,
As well as being the two certainties in life, death and taxes often go hand in hand. This article highlights how they
The ‘nominated partner’ of a partnership is responsible for: filing the partnership tax return; dealing with matters arising from an enquiry; and keeping
HMRC once had a generous policy on misdirection – although it was not necessarily generously applied! In Notice 48 (March 2002) Extra-Statutory
A significant development will reshape the way small businesses in the UK manage their tax affairs from 6 April 2026. VAT-registered businesses
Artificial intelligence (AI) apps like ChatGPT and Copilot have become very popular in recent years. AI apps are versatile, and can help with a
As a landlord in the UK, maintaining your rented property comes with its own costs, from repairs to replacing those things that
With the growth of a business will come the need for more people to service the growing number of clients and customers.
Spending £150 per head (inclusive of VAT) on an annual staff function is quite common these days. However, by combining this exemption with
People are sometimes surprised that they can trigger capital gains tax (CGT) if they gift an asset or sell it at undervalue.
It is standard inheritance tax (IHT) planning to write death benefits payable from money purchase (defined contribution) pension schemes into trust for
With Christmas approaching, businesses will be giving business gifts to valued customers and suppliers. But how much VAT can be claimed back
Charitable giving is seen as a ‘good thing’ and is supported by the UK tax system with various tax reliefs designed to
Let go – Properly! Mark McLaughlin highlights a potential beartrap when setting up a trust for family members as part of their
Most landlords were paying increased taxes, yet they were not making the right money. However, what is Section 24, and how does
When the tenancy agreement is signed, and the rent is actually coming in, you are now one of the UK landlords. Congratulations!
After a lifetime of grind, retirement seems particularly sweet when it’s a business which was built from the ‘ground up’ – all