Latest news and updates
If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability. Trading losses can often be used in...
16/07/2026
Property owners often incur costs for repairs, and understanding which costs can be deducted is important when calculating taxable property...
Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each person has their own annual tax position. However,...
If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy for business purposes. However, many...
Not every hobby becomes a taxable business, but it is important to be aware when this can happen. This can apply even if you are making some money...
Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in...
Artificial intelligence (AI) is no longer just for large organisations. Many small businesses are now using affordable AI tools to reduce...
13/07/2026
Cyber-crime is no longer a problem faced only by large organisations. Small businesses are increasingly being targeted because criminals often assume...
If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the amount of Income Tax you...
09/07/2026
If you have invested in a new commercial building or carried out significant renovation work, you may have overlooked a valuable capital allowance....
If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any profit, or 'gain', you make. You will need to work out...
Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available each tax year (from...
