It’s easy for small businesses to overlook the implications of Making Tax Digital (MTD), especially since it has been delayed a few times over recent years. However, we can confirm that MTD is coming, and the countdown has already begun! Staying informed about these changes can be challenging, but we are here to support you […]
Author Archives: Priya Raja-Motala
16
Apr
Apr
Tax often receives a negative perception, but it shouldn’t. It’s about understanding the tax rules and systems and using them to your best advantage. So, what do mean by tax planning? Business Tax Planning Effective tax planning is important for your business if you are aiming to maximise profits, ensure compliance, and prepare for sustainable […]
08
Apr
Apr
If you’ve been hiking in the wilderness or simply taking some time out from the news, you may have missed that we are currently experiencing challenging trade wars. Otherwise, you will all know that the USA has imposed trade tariffs on most countries worldwide, including ours. This has contributed to the fact that the economic […]
02
Apr
Apr
As you know the UK tax year runs from April 6th to April 5th. A system that has been in place for centuries. This peculiar timeframe often puzzles people, but it is more a long-standing tradition than a mistake. This quirky tradition dates to 1582. Before that, the UK operated on the Julian calendar, which […]
27
Mar
Mar
The Labour government has reiterated its commitment to ensuring security, increasing disposable income, and improving living standards for working people. So, what does the Spring Statement mean for you? You are business owner It is crucial to note the significant changes that will take effect from 6 April 2025 regarding both the national minimum wage […]
18
Mar
Mar
It wasn’t that long ago when we were discussing whether Inheritance Tax (IHT) would be abolished, how fortunes have changed. A few months into the Labour government we saw the complete opposite. During the Autumn Budget last October and the first one for Labour in as many years, it was confirmed that IHT would stay! […]
12
Mar
Mar
You may already know there is an opportunity to make up for any “lost years” regarding your state pension. There can be various reasons for these lost years, but the important point is that the 5th April 2025 deadline is approaching quickly. It’s essential now to familiarise yourself with the state pension rules. The state […]
05
Mar
Mar
The government aims to crack down on illegal workers and target so-called “rogue employers.” These employers exploit the immigration system to secure cheap labour. Like last week’s blog discussing businesses and individuals facing increased tax investigations, the government has appointed more officers to target certain employers. To avoid getting caught in the crossfire, make sure […]
Corporation Tax, HM Revenue & Customs, Landlords, partnerships, VAT Compliance
HMRC plans to increase the number of tax investigations
26
Feb
Feb
While she was the shadow chancellor, Rachel Reeves announced a policy to invest more in tax compliance, with an investment of approximately £555 million. This funding was to ensure that HM Revenue and Customs (HMRC) had the resources to recruit more inspectors. Fast forward to the Autumn Budget, Ms Reeves unveiled further details. The Labour […]
19
Feb
Feb
You may have noticed that last Friday was Valentine’s Day. The name “Valentine’s Day” is thought to come from a Roman priest in the third century AD who performed secret marriages. Marriage can evoke a range of beliefs: some people genuinely value the institution, others are indifferent, and some do not believe in it at […]