If you're self-employed or a landlord, big changes are coming in how you report your income to HMRC. Making Tax Digital for Income Tax (MTD IT) is part of the government’s plan to make the tax system more efficient, accurate and easier to manage. [...]
What Is a Pool Car? Everything You Need to Know About the Rules, Exceptions, and Record Keeping If your business provides a car for employees to share, and it’s used strictly for work, you might be able to classify it as a pool car. [...]
 Due to a recent change in the National Insurance threshold, companies with only one employee, often a director will now be required to pay Employer’s National Insurance (NI) contributions for the 2025/26 tax year. If this applies to your business, here’s what you [...]
Investing in property is seen by many as a good investment for the long and short term, either renovating and selling properties on for profit, or owning them for the investment potential and receiving rental income every year.  Unfortunately for landlords, changes have been [...]
If you need to complete a Self Assessment tax return, we’re here to make it simple. Each year, HMRC requires millions of people to report their income through Self Assessment. Whether you are self-employed, a landlord, or have other untaxed income, knowing how the [...]
A benefit in kind (BIK) is a non-cash benefit received from your employer. This might be an incentive to make your workplace more appealing such as health insurance or gym memberships or it could be a company car. Some benefits can be provided tax free, [...]
One of the most exciting things about being a business owner is seeing your ideas come to life. You get to use your mind every single day to solve, create, challenge, and inspire. And it’s truly invigorating. But it’s also something many of us take [...]
Client X has been a client of ours for years. In 2018, as a result of a large payout over a patented product, they had an extremely good year which resulted in profit of £4.65m and taxable profits of £4.5m. Client X is a specialist [...]
Many solicitors will refer to any charges that go over and above the basic fee for their services to the client as a ‘disbursement’. Disbursements may refer to expenses paid out on behalf of the client to a third party, for example. However, the term [...]
One of the hardest parts of owning a business is not knowing how much you will earn in the future. There is no promise of a steady paycheck, no added holiday or sick pay, and you have to balance both your business and household budget [...]
