Heads up for company directors
As of April 2025, directors of close companies and self-employed taxpayers face new mandatory reporting...
Five goals every small business owner should set
Running a small business can feel like juggling endless priorities, but taking time to set...
Bank deposit protection limits set to rise
The UK’s financial regulator has proposed an increase to the level of savings protection available...
VAT – Entertainment provided to directors and partners of a business
When considering VAT on entertainment provided solely to directors or partners of a business it...
Exception from VAT registration
Businesses over £90,000 turnover must register for VAT, but HMRC may grant exceptions if the...
Are casual payments taxable?
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the...
Two important 2025 self-assessment deadlines
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by...
Tax-free income from letting a room in your home
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and...
Sharing income from jointly held property
The standard tax treatment for couples living together, whether married or in a civil partnership...
What is the recent £150bn tech investment deal?
During the State Visit by President Trump, the UK secured a record-breaking £150 billion of...
Choosing the right way to buy a vehicle for your business
For many business owners, a vehicle is an essential tool. Whether it is for visiting...
Unauthorised issue of a VAT invoice
Issuing a VAT invoice without registration or authorisation can lead to HMRC penalties, even if...
Beware scams pretending to be HMRC
Fraudsters are continuing to target taxpayers with scam emails as the deadline for submission of...
War Widows Recognition Payments Scheme
Bereaved spouses who lost service pensions before 2015 have until 15 October 2025 to claim...
Dividend taxes will they increase?
Speculation is growing that rates or allowances applied to dividend income may change in the...