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National Insurance

National Insurance cut for employees and directors

In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National…

15 Jan 2024 Read article

National Insurance

National Insurance contributions (NIC) payable by the self-employed from April 2024

The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set…

12 Jan 2024 Read article

HMRC Updates

What to do if you receive one of HMRC’s ‘nudge’ letters

HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as 'the tax gap'…

9 Jan 2024 Read article

Self Assessment & Income Tax

Tax implications of buying a customer list

Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to…

4 Jan 2024 Read article

Self Assessment & Income Tax

Marriage allowance – A possible tax break for married couples or civil partnerships

Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) –…

3 Jan 2024 Read article

Property & Landlord Tax

Beware property PM partnerships involving hybrid arrangements

HMRC have recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save tax.…

29 Dec 2023 Read article

Capital Gains Tax

When does period of ownership for Private residence relief start?

Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal…

26 Dec 2023 Read article

Corporation Tax

Reclaiming section 455 tax paid

In personal and family companies, directors often borrow money from the company as this is a cheaper and easier option…

19 Dec 2023 Read article

PAYE & Payroll

Reporting payment to HMRC if you pay your employees early in December

Strict reporting deadlines apply under Real Time Information (RTI). Employers are required to report employees’ pay and deductions to HMRC…

19 Dec 2023 Read article

Business Finance

Depreciation versus capital allowances

Tax and accounting rules are not identical and it is sometimes necessary to adjust the accounting profit to arrive at…

15 Dec 2023 Read article

Self Assessment & Income Tax

Can you benefit from the marriage allowance?

The marriage allowance is not a separate allowance as such – rather, it is a transfer of part of one…

14 Dec 2023 Read article

PAYE & Payroll

Submit your tax return by 30 December to have your tax collected through PAYE

Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax…

13 Dec 2023 Read article

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Services

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Blog

More Blog insights

National Insurance cut for employees and directors

National Insurance contributions (NIC) payable by the self-employed from April 2024

What to do if you receive one of HMRC’s ‘nudge’ letters

Tax implications of buying a customer list

Marriage allowance – A possible tax break for married couples or civil partnerships

Beware property PM partnerships involving hybrid arrangements

When does period of ownership for Private residence relief start?

Reclaiming section 455 tax paid

Reporting payment to HMRC if you pay your employees early in December

Depreciation versus capital allowances

Can you benefit from the marriage allowance?

Submit your tax return by 30 December to have your tax collected through PAYE

Need advice tailored to your situation?

Happy with our services? Please leave us a Google Review. Click here

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