Nobody likes an unexpected message from HMRC. Whether it's a letter through the door or an email dropping into your inbox, it's enough to make any business owner wonder, "What's this about?" And with HMRC using more data and better technology to spot errors and inconsistencies, those conversations are becoming more common.
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The Chancellor has delivered the Autumn Budget, finally providing some clarity for individuals and businesses following weeks of speculation in the media. Interpreting the announcements from a Budget can be a bit daunting, but you don’t have to wade through all the detail. In this feature, we’ve picked out the key headlines and explained them in a simple, straightforward way - so you can feel confident about what lies ahead for you and your business.
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With the UK Budget just around the corner, many business owners and individuals are keeping a close eye on what might be announced. It can be tempting to speculate, but whatever the Chancellor brings forward, you can count on us to help you make sense of it.
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If you're running a creative business in the UK, you might be missing out on some tax relief opportunities. Creative industry tax reliefs represent a significant opportunity for UK creative businesses to reduce their tax burden while investing in their craft. Whether you're making a film, developing a video game, or staging a theatrical production, these reliefs could put money back in your pocket.
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Following Labour's victory in the general election, we take a look at some of the main pledges from the manifesto and Chancellor's speech which impact tax and business.
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From 1 April 2023, the rate of Corporation tax has gone up. This won’t hit all companies but will have an impact on many businesses so now is a great time to think about some tax planning.
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After a dizzying few weeks in British politics, which have seen an almost complete reversal of the measures announced in the September mini budget, as summarised in our previous article, we thought it might be helpful to set out what remains of the economic measures announced in September, and how they might affect you.
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On Friday, the Chancellor of the Exchequer delivered the government’s so-called ‘Mini Budget’, outlining cuts to income tax, reversal of the NIC increases, and scrapping of the planned increase in corporation tax, to name a few. Those which may be of particular interest to many are as follows:
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Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how you are going to structure your business. The reason this decision is so important is that it has a variety of consequences – not only related to tax, but also from a legal and administrative perspective, and how your business will be perceived.
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Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how are you going to structure your business? The reason this decision is so important is that it has a variety of consequences – not only related to tax, but also from a legal and administrative perspective, and how your business will be perceived.
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