Latest news and updates
The government is consulting on new VAT relief for goods donated to charities for free use. Could this fix an unfair gap in current rules? Have your...
08/05/2025
The government wants your say on e-invoicing. Quicker payments, fewer errors, and better VAT reporting are on the table. A 12-week consultation could...
Gross profit is one of the clearest indicators of how well your business is performing. It’s the money left after deducting the direct costs of...
07/05/2025
For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but additional income streams can provide much-needed...
1 June 2025 - Due date for corporation tax due for the year ended 31 August 2024. 19 June 2025 - PAYE and NIC deductions due for month ended 5 June...
02/05/2025
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
