If you have your own business and usually have amounts owing to you by your customers, you could be in for a pleasant surprise when your tax bill is calculated for tax year 2024/25.
Continue Reading
Can’t be late, ’cause then I guess I just won’t get paid
The tax year 2025/26 will bring significant changes if you are an employer. Here’s what you need to know.
Continue Reading
Take it to the limit, one more time
In a significant move to reduce regulatory burden on UK businesses, the government has introduced new legislation that will substantially increase the size thresholds for micro, small and medium sized entities. These changes, taking effect from April 2025, will allow thousands of companies to benefit from simplified reporting requirements.
Continue Reading
Bye Bye Bye
After seven years of dedicated service, our friend and team-mate Emma Pullin is leaving our firm to pursue an exciting new opportunity in industry.
Continue Reading
Have a Holly Jolly Christmas
Wishing all of our clients a restful and happy Christmas, and a healthy and prosperous New Year.
Continue Reading
Run Rudolph Run
Christmas is just around the corner. And – just beyond – is the deadline for filing your 2023-24 self-assessment tax return.
It must be with HMRC by 31 January 2025, but if you haven’t got round to completing it yet, or are concerned about a large liability – don’t worry! You are not alone, and we might be able to help. We might even be able to reduce your liability with some tax planning suggestions.
Continue Reading
A time for giving… a time for getting
The tree is up, the jumpers are festive, and we are starting to turn our thoughts to Christmas once again!
There are many ways to reward employees in a tax efficient way, and even though some of these can be complex, there are other ways of providing tax efficient or tax-free benefits which are very simple.
Continue Reading
Are you gonna go my way?
There has been plenty in the news over the past year in relation to HMRC clamping down on R&D reliefs available for companies and subsequently increasing the number of enquiries which have been launched.
Continue Reading
That ain’t workin’, that’s the way you do it
The new Chancellor of the Exchequer, Rachel Reeves, has delivered the Labour government’s first budget since being elected earlier this year. Unveiling her plans, the Chancellor spoke of the need to “restore stability” to the economy and “deliver change” with an “economy that is growing”.
We have picked out some of the key announcements that may be of interest.
Continue Reading
When the going gets tough
With much talk and speculation about what will be announced in the Budget at the end of October, we take a look at some of the changes that might be afoot.
Continue Reading