A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Category Archives: Blogs
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.
Are your payroll practices compliant with the new minimum wage rates?
1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW).
Time is running out to make personal pension contributions for the 2024/25 tax year
The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing the deadline.
What are the Inheritance Tax benefits of writing a life insurance policy in trust?
Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.
The tax traps of director’s loans – How to avoid unnecessary charges
Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities.
Should you transfer investment property to a company? The tax benefits explained
If you own investment property, you may be wondering whether transferring it to a limited company is a smart financial move.
What counts towards minimum wage and what doesn’t? A must-read for employers
With the National Minimum Wage (NMW) increasing in April 2025, are you sure you are calculating it correctly?
What can businesses do amid rising employment costs and falling confidence?
The latest CIPD survey of over 2,000 UK employers paints a concerning picture.
VAT fraud – Avoid getting caught out by phishing attacks
Scammers are increasingly targeting VAT-registered businesses with phishing attacks.