News & Articles
Should you own a property through a company - or personally?
If you're considering buying a property, especially as an investment, one of the key decisions you'll face is whether to hold it personally or through a limited company...
Don’t miss out: Parents of teenagers need to extend Child Benefit by 31 August
If you’re a parent of a 16 to 19 year-old who’s staying in full-time education or training, HM Revenue and Customs (HMRC) is reminding families to extend their Child Benefit claim by 31 August to avoid the payments stopping altogether...
MTD for Income Tax: Less than a year to go
If you're a sole trader or landlord with annual income over £50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax...
Are you ready for April 2025?
The new National Living Wage and National Minimum Wage rates will come into force from 1 April 2025. There are also changes to the National Insurance employers pay that take effect from 6 April. For many businesses, the April payroll will represent a sizeable step up in labour costs...
Should you be paying tax on your side hustle?
Conventional approaches to work and earning an income are changing and with the cost of living ever rising, many now use various ways to make some extra cash outside of their main job. If that’s true of you then you may wonder whether you need to pay tax on those earnings...
There's still time for some Year End Tax Planning!
With the tax/financial year end approaching, now is a good time to check that you’re making the most of the available reliefs and allowances available to you. Please talk to us if you think any of the issues affect you...
Salary vs dividends: The best way to extract profits in 2025/26
If you trade as a limited company, then you will likely know that balancing salary and dividends is key to extracting profit from your company in the most tax-efficient way. Both methods have distinct implications. and the right mix will depend on your specific circumstances...
New tax rules for double cab pick-ups
Under tax reforms effective April 2025, double cab pick-up vehicles (DCPUs) with a payload capacity of one tonne or more will be treated as cars for tax purposes. This reclassification impacts corporation tax (from 1 April) and income tax (from 6 April)...
Autumn 2024 Budget speech: History in the making?
Yesterday, Rachel Reeves delivered her first Budget speech. As the first Budget speech ever delivered by a female Chancellor of the Exchequer, the occasion was bound to be one for the history books regardless of what was said...
Check your National Insurance record: Can you claim your full State Pension?
HM Revenue and Customs (HMRC) has recently reminded people to check and make sure they are not missing out on valuable State Pension entitlements due to gaps in their National Insurance (NI) record. The issue mainly affects parents, particularly women, who claimed Child Benefit before 2000...
