With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available reliefs and allowances available to you. Please talk to us if you think any of the issues affect you. Savings If you have some spare cash, an obvious tax planning point might be to […]
It is possible to claim Income Tax relief on eligible employment expenses that have not been reimbursed by your employer. If you file a self assessment tax return, relief must be claimed on the employment pages, but for employees who do not file a self assessment, it is possible to claim tax relief using an […]
In 2024 we saw a lot of legal cases that examined the VAT rating of food and drink and it appears this trend is continuing into 2025! The VAT rating of food and drink has always been a contentious topic but in the case of Global By Nature Ltd v HMRC (TC09396) we can see […]
Date What’s Due 1 February Corporation Tax for year to 30/04/2024, unless quarterly instalments apply. 19 February PAYE & NIC deductions, and CIS return and tax, for month to 05/02/2025 (due 22/02 if you pay electronically). 1 March Corporation Tax for year to 31/05/2024, unless quarterly instalments apply. 19 March PAYE & NIC deductions, and […]
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 […]
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