How to effectively manage business expenses and improve profitability
Effective expense management is key to driving profitability in any business.
Is setting up a limited company as a freelancer the right move for you?
If you’re enjoying the freedom and flexibility that comes with freelancing, you might be wondering if it’s time to take the next step and set up a limited company.Continue reading
Gifts out of surplus income – A smart way to reduce Inheritance Tax
Making financial gifts during your lifetime is a thoughtful way to provide for your loved ones while also reducing your estate’s exposure to Inheritance Tax (IHT).
HMRC cut advisory company car fuel rates – What does this mean for your business?
If your business reimburses employees for business travel in their company cars or if employees are required to repay fuel costs for private travel, it is important to keep up to date with the advisory fuel rates set out by HM Revenue and Customs (HMRC). Continue reading
Why outsourcing payroll could be the key to lifting your business burden
With this week being National Payroll Week, it’s a great time to explore how businesses manage their payroll and if they are being effective enough.Continue reading
What if the Chancellor increases Capital Gains Tax? A look ahead to the Budget
As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across the UK. Continue reading
How to protect your business from HMRC-related scams
We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new ways and schemes to trick businesses into parting with their hard-earned profits.
HMRC investigating tax obligations of those who breed and sell animals
As more people turn their passion for breeding and selling animals into a source of income, HM Revenue & Customs (HMRC) will be writing to people to ensure that those involved in these activities are paying the correct tax.
Have you paid the right amount of High Income Child Benefit Charge for 2022/23?
You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to pay the High Income Child Benefit Charge and to double-check the amount if you have already paid.
Tax planning tips for minimising dividend tax liability
As a business owner, managing your income well is vital for sustaining both your business’s health and your personal finances.Continue reading
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