What is a salary sacrifice?
A salary sacrifice scheme lets employees swap cash salary for non-cash benefits, saving tax and...
VAT and the goods you use in your own business
Using business goods instead of selling them is usually VAT-free, but some cases require VAT...
Inheriting spouse’s State Pension
If your spouse or civil partner has passed away, you may inherit part of their...
Letting out part of your home – claiming lettings relief
Renting out part of your home may affect Capital Gains Tax when you sell. While...
More tax on business disposals from April 25
From April 2025, the Capital Gains Tax rate on Business Asset Disposal Relief rises from...
Making a negligible value claim with HMRC
A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a...
Essential Credit Control for SMEs
A well-structured credit control system is crucial for small businesses to maintain cash flow and...
Sources of funding for small businesses
Starting or growing a small business often requires capital, but securing the right funding can...
Tax relief for structures and buildings expenditure
Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested...
Treatment of post-cessation receipts and payments
When a trade ends, income doesn’t always stop. Post-cessation receipts can still arise, and knowing...
How far back can HMRC assess under-declared taxes?
From income tax to VAT, HMRC has specific time limits for issuing tax assessments. Depending...
UK residence and tax issues
The UK's shift to the Foreign Income and Gains (FIG) regime from April 2025 changes...
What’s included in your VAT return
With a £90,000 VAT registration threshold, many UK businesses might wonder whether to register voluntarily...
Tax-free redundancy payments
If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a...
The benefits of benchmarking financial results
Benchmarking financial results involves comparing a business’s financial performance against industry standards or competitors. This...