There’s been growing interest among some in leaving the UK in recent months, particularly among higher earners and internationally mobile individuals. Following the removal of the long-standing “non-domicile” tax rules in the Budget last Autumn, headlines have speculated that many are packing their bags, whether for tax reasons or not. If you are thinking of […]
Category Archives: Tax Advice
03
Jun
Jun
If you’re an employee in the UK and you’ve paid out-of-pocket for certain work-related expenses, you might be entitled to claim Income Tax relief from HM Revenue & Customs (HMRC). Many employees are unaware that they could be missing out on valuable tax refunds simply because they haven’t submitted a claim. So, let’s look at […]
capital gains tax, self employed, Tax Advice, Tax Planning, Tax Tips
Is it time to bring forward your exit plan?
21
May
May
Are you a shareholder in a small business? Do you have plans to sell or transfer your business? Is it time to bring forward your exit plan? Starting next tax year, small business owners and those eligible for Business Asset Disposal Relief (BADR) will experience increased tax rates. In fact, an increase already happened in […]
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 […]
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! […]
05
Feb
Feb
Whether you are an existing landlord or considering becoming one, funding and mortgages will likely be on your mind. Many of you may have already begun your journey as landlords by re-mortgaging a property you owned. It seems straightforward, if you have equity in a property, why not re-mortgage to release some funds? However, it’s […]
29
Jan
Jan
Stamp Duty Land Tax (SDLT) is the full name of the tax on property and land. This tax will change starting from 1st April 2025, as announced during the Autumn Budget. In fact, some of the changes have already taken place. So, what is Stamp Duty? How is it changing? What is Stamp Duty (SDLT) […]
HM Revenue & Customs, Personal Tax, self employed, Tax Advice, Tax Planning, Tax Tips
Year-end tax planning
15
Jan
Jan
The end of the tax year is fast approaching, making it an ideal time to remind everyone about important steps for year-end tax planning. Before we proceed, let’s take a moment to review the changes that will be happening in the next couple of years. During the last Budget, a few changes were announced that […]
Employee Benefits, HM Revenue & Customs, P11d, Personal Tax, Tax Advice
Benefits your employees actually want
03
Dec
Dec
Good employers have been offering workplace benefits for a long time. There are many reasons for doing so, with one of the main ones being that a strong employee benefits package attracts the right talent. However, how can you determine which benefits your employees actually want? You might not have considered how providing benefits to […]