Spring Statement Summary March 2025
Spring Statement 2025: Key Tax Measures and Modernisation Initiatives
Chancellor Rachel Reeves’ Spring Statement 2025, delivered...
How to Approach Your Bank for a Business Loan
Asking your bank for a business loan can feel daunting, but it doesn’t have to...
How Small Businesses Can Survive a Recession
Recessions can be tough on small businesses, but they do not have to spell disaster...
Claiming professional fees and subscriptions
Did you know you may be eligible for tax relief on professional fees and subscriptions?...
Rental business mortgage relief
Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax...
VAT if you sell your business
When selling a business, the Transfer of a Business as a Going Concern (TOGC) rules...
Records you must keep if self-employed
If you are self-employed as a sole trader or a partner in a business partnership...
Tax liability if you sell a business asset
When selling assets on which capital allowances were claimed, you may need to adjust your...
Requesting evidence of earnings
If you're self-employed, lenders may require an SA302 and tax year overview as proof of...
Why Adequate Business Insurance is Essential for Small Businesses
For small business owners, especially those operating as sole traders or in partnerships without limited...
Business Advice: An Investment, Not a Cost
Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities...
Group relief for trading losses
Group relief helps reduce the overall Corporation Tax of a group of companies by allowing...
Self-Employed National Insurance Contributions
Self-employed individuals earning £12,570 or more annually must pay Class 4 National Insurance Contributions (NICs)...
Tax and Maintenance Payments
Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or...
How VAT Payments on Account Work
Businesses owing over £2.3 million in VAT annually must make advance payments on account. These...














