Latest news and updates
Not all state benefits are tax-free! Some, like the State Pension and Carer’s Allowance, are taxable, while others, like PIP and Universal Credit, are...
01/05/2025
Not every money-making hobby counts as a business for tax purposes. Knowing when a hobby crosses into trading territory is vital to avoid unexpected...
If employees must work from home and their employer does not reimburse certain costs, they may be entitled to claim tax relief. Understanding the...
Dissolving a company ends its legal existence — but unresolved assets become property of the Crown under bona vacantia. Directors must act...
After a business closes, income can still arise. Post-cessation receipts must be properly reported and taxed under specific rules. Knowing what...
When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet strict statutory definitions. Understanding Section...
For many small business owners, getting access to funding feels like trying to squeeze water from a stone. Traditional banks have always been a bit...
28/04/2025
Cybersecurity might sound like something only big corporations need to worry about, but in truth, small businesses are increasingly in the firing...
From April 2025, more low-income workers on Universal Credit can join Help to Save. Save up to £50/month and get a 50% bonus - up to £1,200 over 4...
24/04/2025
Skip the phone queues. Your Personal Tax Account lets you manage everything from tax codes to refunds online. Quick, secure, and all in one place. If...
MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital records, quarterly updates, and tougher penalties are on the way. If...
A reminder that increases to the rate of National Insurance contributions (NICs) that are paid by employers came into effect on 6 April 2025. The main...
