Business News

6 May 2025

How to maximise tax relief on losses to offset higher employment costs

The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent…

6 May 2025

How HMRC treats cryptoassets disposed of by businesses

Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital…

6 May 2025

HMRC is closing its free Company Tax Return service

HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on…

6 May 2025

Joint owners of Furnished Holiday Lets prepare for increased taxes

With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax…

6 May 2025

Beware tax avoidance scheme promoters – HMRC cracks down with new powers

Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes.   That…

6 May 2025

Is your remuneration strategy still tax-efficient in 2025/26?

Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year.  …

6 May 2025

Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances

Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used…

2 April 2025

Too many businesses falling into VAT traps

VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead…

2 April 2025

900,000 sole traders pulled into MTD for ITSA

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning…