Welcome news for thousands as Income Tax reporting threshold set to increase
In a move to simplify tax compliance and boost the economy, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will rise from £1,000 to £3,000.
The tax traps of director’s loans – How to avoid unnecessary charges
Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities.
Road tax changes for electric vehicles – How to secure an extra 12 months tax-free
If you own an electric or low-emission vehicle, you have likely enjoyed the benefit of paying zero road tax.
Could a Family Investment Company help you manage tax and protect wealth?
For individuals and business owners looking to preserve wealth for future generations while maintaining control over their assets, Family Investment Companies (FICs) are an alternative option to trusts.
Should you transfer investment property to a company? The tax benefits explained
If you own investment property, you may be wondering whether transferring it to a limited company is a smart financial move.
HMRC sends letters as next phase of MTD edges closer
From April 2026, the way you report your income tax will change.
The power of strategic planning and why your business needs a roadmap
It would seem fairly straightforward to point out that running a business without a plan is a bit like setting off on a road trip without a map.
What counts towards minimum wage and what doesn’t? A must-read for employers
With the National Minimum Wage (NMW) increasing in April 2025, are you sure you are calculating it correctly?
HMRC updates guidance on tax classification of double cab pick-ups
HM Revenue & Customs (HMRC) has issued updated guidance on the taxation of double cab pick-up trucks, clarifying which vehicles will be affected by the Government’s decision to reclassify them as company cars for tax purposes.
Furnished Holiday Lets – Where are we now?
With significant changes to the Furnished Holiday Let (FHL) regime coming into effect in April 2025, owners of holiday rental properties face crucial decisions about their tax position and business structure.
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