Best Software for Making Tax Digital for Sole Traders and Small Businesses

Beware tax avoidance scheme promoters – HMRC cracks down with new powers

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes.  

Joint owners of Furnished Holiday Lets prepare for increased taxes

With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare for higher

HMRC is closing its free Company Tax Return service

HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026.  

How HMRC treats cryptoassets disposed of by businesses

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies. 

How to maximise tax relief on losses to offset higher employment costs

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum

Understanding Limited Company Accounts Cost: A Small Business Owner’s Guide

Running a limited company comes with numerous responsibilities, especially when it comes to managing your business finances.

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.