Tax-Free Childcare: Are you Eligible?
In May, HM Revenue and Customs (HMRC) reminded parents of the savings they can make on childcare costs when a child starts primary school for
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Advantages & Disadvantages of Business Assets Sale
As a business owner, each step you take potentially drives your business toward success or drags it down. Selling business assets, whether to release immediate
Little By Little
Many individuals without much knowledge of inheritance tax (IHT) will nevertheless be aware of a ‘seven-year rule’ for escaping IHT on lifetime gifts. The Seven-Year
Can You Put Your Trust in Trusts?
Trusts are often mis-trusted (excuse the pun!); they are seen as being vehicles of fraud, dodgy dealings and generally something to be avoided. Whilst they
Tax Impact of Associated Companies – What’s An ‘Associated Company’?
It is not unusual for small company directors, their family members, or other business partners to have interests in multiple companies. However, should any of
What’s the Emergency?
There are 30.4 million payrolled employees in the UK, paying tax through the pay as you earn (PAYE) system. The PAYE scheme was introduced in
Good Timing Can Save A Lot of Tax!
Let me take you back to March 2016, which seems like a lifetime ago in political and economic terms. George Osborne announced that the dividend
Recovering VAT on Business Gifts
Many businesses give gifts to customers and staff, or to promote their business. The rule relating to free gifts not only relates to promotional items
All Change: Furnished Holiday Lettings
For many years, unlike normal rented properties, the rent from a furnished holiday letting (FHL) was treated as trading rather than investment income, which had
Use It or Lose It!
The inheritance tax (IHT) annual exemption is often overlooked. This is probably because the exempt amount is a relatively modest £3,000 (for 2025/26). However, as
Wheels – True Perk or Expensive?
When an employer’s car is available for an employee’s personal use, there is an income tax charge on the employee – but that charge depends
Time to Pay Arrangements – Practicalities
One success story to come out of HMRC is the ‘time to pay’ (TTP) arrangement. Set up in 2018, HMRC statistics show that over 90%
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