Investing can be a fantastic way to grow your wealth, but it always comes with associated risks and making mistakes can increase that significantly. Here are some common errors that investors, both new and experienced, should avoid: Chasing trends It is tempting to jump on the latest hot stock or investment trend, but this approach […]
Recently, high inflation and economic uncertainty have kept lenders cautious, meaning higher rates for borrowers. However, despite interest rates falling, this does not necessarily mean mortgage rates will follow suit. This is because lenders set mortgage rates based on more than just the Bank of England’s base rate. Factors like inflation expectations, lender risk assessments, […]
Receiving a bonus is a reward for your hard work and dedication, but before you rush to spend it all, take a moment to consider how to make the most of this financial boost. A thoughtful approach can turn your windfall into a powerful step towards long-term financial security. Here is what we recommend: Pay […]
As 2025 gets under way, it is once again the time of year to start considering your tax year-end planning. The early months of the year are the time to undertake year-end tax planning. Unsurprisingly, the traditional drivers have been the tax year-end (Saturday 5 April 2025) and the Spring Budget. On this occasion, after […]
Time is running out to make sure your business is prepared for the impact of the increased Employer National Insurance Contribution (NIC) rate set to take effect in April 2025. The Chancellor, Rachel Reeves, announced the change in the Autumn Budget last year as part of the Government’s strategy to generate money for the Treasury. […]
Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies. The advantages of limited companies include limited personal liability, mitigated taxation and greater exposure to investment opportunities. To help you start your journey towards limited company status, here are our […]
A director’s loan is money taken out of a company by a director that is not a salary, dividend, expense reimbursement or money that has previously been paid into or loaned to the company. A record of money borrowed or paid into the company must be kept – usually known as a director’s loan account […]
As a sole trader, it is only natural to look for opportunities to save money and maximise your earnings. One effective strategy is to consider buying a van, as sole traders can benefit from tax deductions on business-related expenses through Government reliefs like Capital Allowances. Why are Capital Allowances beneficial? Capital Allowances are the tax […]
Taking advantage of green tax reliefs is a good way to reduce how much Climate Change Levy tax (CCL) your business pays. To get these reliefs, your business will need to operate in a more environmentally friendly way. Any business in the industrial, public services, commercial and agricultural sectors is subject to the CCL Tax. […]
HM Revenue & Customs (HMRC) has clarified that if your earnings from interest exceed £10,000, tax may apply depending on the account type. This clarification came when a customer reached out to the tax authority on X to see if they needed to file a tax return after earning more than £2,000 in interest. HMRC […]
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