What happens when you underpay tax?

The new tax year has recently begun and it is a time when businesses and individuals will need to review their position to ensure that they are not caught out by shifting rules and fiscal drag.

Continue reading

As energy costs rise, is now the time for your business to go green?

As the conflict in the Middle East disrupts the global economy, many businesses are eyeing their energy bills with dread.

Continue reading

Do you know how to manage the increased director’s loan tax charge?

We are officially a few days into the 2026/27 tax year and directors need to be positive on how the latest reforms affect them.

Continue reading

Making Tax Digital has started – Are you ready for the first submission?

Making Tax Digital (MTD) for Income Tax has now begun, years after it was first announced and when it was due to take effect.

Continue reading

HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax

Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold.

Continue reading

Only 57 per cent of UK SMEs rely on accountants – Could the rest be holding their business back?

Running your business can feel like a constant juggling act of trying to manage rising costs and staying on top of compliance.

Continue reading

Are close companies about to have more reporting requirements?

As the steady expansion of reporting obligations continues, it seems that the time has come for close companies to face greater scrutiny.

Continue reading

Has your payroll accounted for an early Easter Bank Holiday?

I am sure many of us can’t wait for the long Easter weekend to get here. If it feels like it has come early this year, you are correct.

Continue reading

Are you paying yourself as tax efficiently as possible in 2026?

Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way.

Continue reading

Does being on maternity leave make you exempt from Making Tax Digital?

Given that it is the biggest overhaul to the way that taxes are filed in decades, it is no wonder that Making Tax Digital (MTD) for Income Tax has a whole host of additional considerations to manage.

Continue reading

Get in touch

If you would like to find out more about how we can help you, please give us a call or send us an email.

Phone us
01642 632032

Email us
info@bainesjewitt.co.uk

Can we help? Talk to our expert team