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Back to Basics on Business Mileage - August 9, 2022

Ask anyone who either uses their vehicle for business reasons, or puts fuel in a company car, and you will soon realise business mileage can be a confusing topic. It’s important to know that if you fall…
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HMRC set to modernise direct debit system for employer PAYE - August 9, 2022

HM Revenue & Customs (HMRC) has announced plans to offer a recurring direct debit to employers as part of their wider payment modernisation programme. At present, employers can only set up a direct…
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I can’t pay my tax bill – what should I do? - August 9, 2022

With fluctuating incomes and the costs of living hitting businesses and individuals alike, people who have never previously had any issue with paying tax bills on time may have found themselves passing…
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COVID business loans scheme extended for two years - August 9, 2022

The Recovery Loan Scheme, which helped businesses throughout the pandemic, has been extended for a further two years. Launched on 6 April 2021, the Recovery Loan Scheme (RLS) was one of several finance…
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Group companies – Considerations ahead of the Corporation Tax rise - August 9, 2022

Corporation Tax (CT) rates are set to rise in the UK from 1 April 2023. From this date, the main rate of CT will increase to 25 per cent for all companies with taxable profits over £250,000. There will…
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Are you prepared for changes to the income tax basis? - July 8, 2022

Unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April each year from 2024/25. This is a significant…
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Survey shows taxpayers are still unprepared for Making Tax Digital switchover - July 8, 2022

A new survey on Making Tax Digital (MTD) shows taxpayers have an alarming lack of readiness and enthusiasm for the changeover and a lack of awareness that MTD for Income Tax begins in less than two years….
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The benefits of taking on an apprentice - July 8, 2022

With the current labour shortage affecting pretty much all areas of the economy, taking on an apprentice could reap rewards for many businesses. There are many reasons why hiring an apprentice can benefit…
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Be prepared if you decide to adopt a working from home policy - July 8, 2022

There seems little doubt now that the working from home phenomenon has become established. With a laptop, a phone and an internet connection, many tasks can be performed as adequately at home or elsewhere,…
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How to minimise Inheritance Tax bills as house prices surge - July 8, 2022

More and more people are being drawn into paying Inheritance Tax (IHT), as the price of property soars. This is because former Chancellor Rishi Sunak froze the nil rate thresholds for paying the tax at…
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