Home » Latest News

Latest News

With Income Tax unlikely to change, is it worth altering your dividend-based salary strategy? - October 4, 2024

For business owners and directors, dividends may form a critical element of your salary strategy and tax planning, keeping your tax liabilities to a minimum. To extract profit tax-efficiently from your…
Read more…

Fiscal drag and tax thresholds: What does it mean for you - October 4, 2024

As the Government seeks to plug certain gaps in the public purse, we are unlikely to see any change in Income Tax thresholds – despite wages and the State Pension rising. Under the previous Government,…
Read more…

Cryptoasset disposals under scrutiny from HMRC - September 11, 2024

HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid tax when selling their assets, urging them to amend or submit a tax return. In this rapidly evolving sector, asset…
Read more…

Facing a skills shortage? Here’s how to solve it - September 11, 2024

Having the right team that aligns with your goals and values is key to the success of your business. However, many sectors are currently facing a skills and staffing shortage. Government data shows that…
Read more…

Repeal of furnished holiday lettings tax regime – Last chance for capital allowance claims - September 11, 2024

The furnished holiday lettings (FHL) tax regime is set to be scrapped from April 2025, with draft legislation already on the table. If you own a holiday home, now is the time to get familiar with these…
Read more…

Reminder – The deadline to register for Self-Assessment is approaching - September 11, 2024

When you’re self-employed, keeping track of essential dates and deadlines can be challenging. One crucial date to remember is 5 October 2024, which is the deadline to register for Self-Assessment….
Read more…

King’s Speech – What did he say? Why does it matter to you? - August 15, 2024

King Charles delivered his speech to Parliament last month following the election, setting out the priorities of the new Labour Government for the months ahead. The speech included 40 pieces of legislation…
Read more…

The Budget is coming – It is time to prepare - August 15, 2024

The first Budget of the new Labour Government has been announced to take place on 30 October 2024. Ahead of the budget, Chancellor Rachel Reeves has announced that spending cuts worth £13.5 billion will…
Read more…

Audit rules are changing – Get ready - August 15, 2024

In a bid to ease the regulatory burden on businesses, new thresholds for classifying company sizes have been announced. This change, introduced by the previous Government, could allow around 132,000 businesses…
Read more…

Worried about a new tax bill? A guide for pensioners - August 15, 2024

Recently, many pensioners received surprising news: a tax bill for the first time. This stems from HM Revenue & Customs (HMRC) decision to send letters to over 140,000 pensioners, who have taxable…
Read more…