Latest news and updates
When selling assets on which capital allowances were claimed, you may need to adjust your taxable profits with a balancing charge or allowance....
20/03/2025
If you are self-employed as a sole trader or a partner in a business partnership, you are required to maintain suitable business records as well as...
When selling a business, the Transfer of a Business as a Going Concern (TOGC) rules can allow the transaction to be VAT-free if key conditions are...
Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax relief is capped at 20%. This change affects UK and...
Did you know you may be eligible for tax relief on professional fees and subscriptions? If your membership is required for your job and the...
Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. The world is unpredictable, and...
17/03/2025
For small business owners, especially those operating as sole traders or in partnerships without limited liability, having adequate business insurance...
The Government-backed Start-Up Loans scheme offers unsecured loans of £500 to £25,000 per person (up to £100,000 per business) to help entrepreneurs...
13/03/2025
From April 2025, Child Benefit increases to £26.05 for the eldest child and £17.25 for others. Payments stop after a child turns 16 unless they...
Businesses owing over £2.3 million in VAT annually must make advance payments on account. These are based on the previous year’s VAT liability and...
Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or civil partner. To qualify, one party must...
Self-employed individuals earning £12,570 or more annually must pay Class 4 National Insurance Contributions (NICs). For 2024-25, rates are 6% on...
