Chattels and wasting assets: What are they and how are they treated?
Some assets are exempt from capital gains tax (CGT), and it is always worth being aware of these. The exemption for an only or main
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.
Don’t be taxed on income not received!
It is relatively common for assets such as investment properties to be jointly held in the names of a married couple (or civil partners). The
How Technology Impacts Accountant Pricing in the UK?
From real-time data analysis to automated processes, technology has become a driving force behind the evolution of accountancy. Additionally, the introduction of digital accounting software,
HMRC R&D Tax Credit Changes Explained for 2026 | What You Need to Know
Are you wondering about the changes in R&D tax credit by HMRC? Well, HMRC Research and Development (R&D) tax relief has long been one of
Do I Need to Pay CGT on Bitcoin Profits?
In recent years, cryptocurrency has gained popularity and attention. It has become one of the most popular investment assets in the UK. Thousands of investors
How to Claim R&D Tax Relief in the UK?
The UK government encourages companies to invest in research and development through tax incentives like Research and Development (R&D) Tax Relief. R&D tax relief is
Best MTD-Compatible Accounting Software for UK Businesses
After the introduction of Making Tax Digital (MTD) for Income Tax in the UK, many businesses, landlords, and self-employed individuals have changed the way they
Airbnb Tax in the UK | Do You Need to Declare Rental Income?
If you are thinking about renting out a property or spare room through Airbnb, it is important to understand Airbnb tax UK. You can earn
Buy to Let Tax Changes 2026 | UK Landlord Tax Guide
As landlords face higher taxes and increasing compliance requirements, the buy to let sector is changing. Similarly, the tax reforms and regulatory changes have reshaped
How to Protect Yourself from an IR35 Investigation?
Do you want to avoid an HMRC IR35 investigation? So does everyone. Despite contractors’ efforts to comply with the IR35 legislation, HMRC may open an
Inside vs Outside IR35 | Understanding the Difference
Are you a UK contractor confused by the off-payroll working rules? And when it comes to understanding inside vs outside IR35, it becomes even more
Tax-free gifts: Using a discretionary trust
Chris Thorpe outlines how discretionary trusts can be used to gift assets tax-free. A trust is essentially an arrangement whereby the legal ownership is in
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