If you run a small business in the UK, you’ve probably heard about the VAT registration threshold. Currently, if your taxable turnover reaches £90,000, you must register for VAT. But what if you’re under that figure? Should you voluntarily register for VAT? This is a common question for freelancers, sole traders, and small limited companies. […]
Author Archives: Priya Raja-Motala
Business Tips, HM Revenue & Customs, Personal Tax, Tax Tips
When Is an Asset Business or Personal? HMRC’s View and the Tax Consequences
10
Sep
Sep
Determining if assets or property are used for business or personal purposes can significantly affect taxation levels. HM Revenue and Customs (HMRC) is often sceptical of claims where assets appear capable of private use, from cars to horses, and even motorbikes. The consequences of getting it wrong can be costly. So, let’s clarify when an […]
03
Sep
Sep
We know it’s confusing out there right now. Another day, another story of a possible tax hike. It feels like there’s a new story about rising taxes all the time, some even suggesting that you could soon be taxed on what is the most precious asset for most of us: our home. Truth be told, […]
27
Aug
Aug
The Court of Appeal recently overturned the High Court’s decision, prompting all of us to pay closer attention. All of us may be culpable of withholding the whole truth if we think it will benefit others around us. However, in a business setting, the Court of Appeal redefines the boundaries of honesty for directors. In […]
20
Aug
Aug
The Employment Rights Bill, introduced to Parliament in October 2024, represents one of the most significant shifts in UK employment law in decades. With 28 planned reforms, the Bill will strengthen workplace protections for employees, including a ban on zero-hours contracts, day-one protection against unfair dismissal, extended family leave rights, and reforms to sick pay […]
Landlords, Personal Tax, Tax Planning, Tax Tips
Tax Tips for Landlords 2025 – Essential Guide to Saving Money and Staying Compliant
13
Aug
Aug
The 2025–26 tax year is a pivotal one for UK landlords. From a steeper Stamp Duty Land Tax (SDLT) surcharge to the end of the Furnished Holiday Let (FHL) regime, plus the looming rollout of Making Tax Digital (MTD), the landscape has shifted significantly. What’s more, the Renters’ Rights Bill promises to bring a raft […]
06
Aug
Aug
We work closely with small businesses every day. We know how tough it can be out there. Whether you’re a builder, engineer, consultant, or creative freelancer, running a business in the UK isn’t always straightforward. The rules change, red tape grows, cash flow is tight, and support can feel miles away. With this in mind, […]
HM Revenue & Customs, Personal Tax
What is the McCloud Remedy? Understanding the Changes to Public Service Pensions
23
Jul
Jul
In 2015, the UK government introduced major reforms to most public service pension schemes, including the NHS pension scheme. These reforms aimed to make pensions more sustainable and affordable for the future. However, one key aspect of the changes sparked legal challenges; age-based protections that were granted to older members, but not to younger ones. […]
16
Jul
Jul
If you run a small or micro business in the UK, big changes are coming to the way you file your accounts with Companies House. We have already seen changes in the identification verifications at Companies House, but there is more. Companies House is now changing the filing rules for small businesses. From 1 April […]
09
Jul
Jul
Do you know the red flags in your systems and how to address them? Over the years, we have worked with small business owners and entrepreneurs who have created something meaningful from the ground up. While most people assess the health of a business by examining year-end accounts or cash flow, we understand that some […]