How the National Living Wage increase could affect businesses

At the latest Conservative Party conference, it was confirmed that the National Living Wage will be officially rising to £11 an hour for those over the age of 23, starting from April 2024.

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How HMRC’s new online tools can help you simplify taxation

HM Revenue and Customs (HMRC) has always been at the forefront of embracing technological advancements to make tax-related processes more straightforward for businesses and individuals.

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How could new “open banking enhancements” benefit your business?

Your business could benefit from a new scheme being run by HM Revenue & Customs (HMRC).Continue reading

Tax reliefs business owners can claim amidst record Corporation Tax payments

HM Revenue and Customs (HMRC) recently reported a record-breaking increase in Corporation Tax receipts for the 2022/23 tax year.

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Closing on the inaugural Economic Crime Levy payment – What you need to know

As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment.

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Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year

While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning.Continue reading

Navigating estate planning and Inheritance Tax: what you need to know

HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.

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How businesses can navigate and avoid tax disputes with HMRC

Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted more than a year, this is clearly a widespread issue.  

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HM Revenue & Customs pledge £5.5 million to support customers

HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes.Continue reading

What expenses can limited companies and sole traders claim?

Whether you’re the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring. 

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