Lifetime ISA or pensions?
For the young, talk of pensions may seem a low priority given the competing financial demands of housing, student loans and living costs. Retirement planning
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.
A step too far by HMRC?
Tax return errors by individuals are not uncommon but unfortunately can have serious consequences. For example, HM Revenue and Customs (HMRC) can impose penalties for
Tax Return Costs for Limited Companies: A Comprehensive UK Guide
Running a limited company has several tax benefits, but it also introduces strict regulatory responsibilities. It must handle multiple corporate layers, including filing statutory accounts
Tax Return Costs for Crypto Investors: UK Guide 2026/27
Cryptoassets have been around for more than a decade, but they have become increasingly popular in recent years. If you have invested in crypto, you
Trusts and school fees
Given the increase in school fees over the last 20-30 years, and more particularly since January 2025 with the application of VAT to such fees,
Business entertainment: Will HMRC have the last laugh?
HMRC has stated that expenditure on business entertainment cannot be claimed as a deduction against profits (and is therefore also non-VAT-recoverable), even if a genuine
Property in Someone Else’s Name Tax Implications
Putting a property in someone else’s name can be sensible planning. However, it is not always straightforward, and documentation is key. Consider the following scenario.
Tax Return Costs for Property Owners | Guide for UK Landlords
Being a landlord in the UK is profitable as it provides a steady stream of income alongside the potential for long-term property value growth. However,
Tax Return Costs for Startups in the UK
Launching a new venture in the UK? That’s great. But you need to understand that it comes with responsibilities, especially when it comes to taxes.
Tax Return Costs for Contractors Explained | What Should You Pay?
A contractor may need to file an annual Self Assessment tax return, depending on their circumstances and how they operate their business. So, if you
Giving it all away: PETs, GWRs, and POAT
In this article, PETs refer to potentially exempt transfers for inheritance tax (IHT) purposes; GWRs refer to gifts with reservation of benefit; and POAT to
Making a late claim for input tax
When a business incurs input tax on its purchases, it’s entitled to reclaim it from HMRC, provided the business has the correct evidence to make
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