Managing trading losses effectively can transform periods of difficulty into strategic opportunities, yet many businesses remain unclear about how to achieve the greatest benefit from Corporation Tax relief.
Could the new IHT rules damage your business’s value on paper?
The Government’s decision to halve Business Property Relief (BPR) and Agricultural Property Relief (APR) from April 2026 is already changing how family businesses and farms operate.
Do you need to report that loan? The £10,000 rule and P11D implications
Many businesses routinely offer financial support to their directors or employees in the form of loans.
Understanding linked periods of sickness and how they affect payroll
When it comes to Statutory Sick Pay (SSP), most payroll teams are confident in calculating payments for a single period of absence.
When silence costs millions – Ignoring HMRC is a risk you cannot afford
Most directors do not expect to face personal tax bills in the millions.
Mandatory payrolling delayed to 2027 – Time to prepare, not to forget
The Government has confirmed that the mandatory payrolling of benefits in kind (BIK) and taxable employment expenses will now be introduced from April 2027, a year later than initially planned.
How trivial benefits can improve employee morale without increasing your tax bill
When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks.
Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?
Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500 in 2018/19 to just 46 in 2024/25.
Making Tax Digital is expanding – here’s what sole traders need to know
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely with the Bank of England base rate.