Mind the (tax) gap – Why HMRC may have SMEs in its sights

Lost Your Government Gateway User ID? Step-by-Step Recovery Guide

This guide is designed to help you recover your ID quickly and securely, so you can get back to focusing on what matters most—your business, your finances, and your pe

Change to dividend reporting to affect thousands of owner-managed businesses

From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return.

Why capital allowances should be top of your to-do list this April

The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across the country.

Should you submit your tax return at the start of this tax year?

Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax bill effectively.

Labour introduces harsher penalties for late taxpayers

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA).

900,000 sole traders pulled into MTD for ITSA

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year.

Too many businesses falling into VAT traps

VAT is complex, and too many businesses are making costly, avoidable mistakes.

UK Income Tax Brackets Explained: How Much Tax You'll Pay at Each Salary Level 2025

As we approach the 2025 tax year, understanding how income tax works in the UK is essential for effective financial planning.

Do Sole Traders Pay VAT? A Simple Guide to VAT Rules in the UK

Learn when sole traders need to register for VAT and how to charge, reclaim and submit VAT returns.