Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances - May 2025
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used …
Too many businesses falling into VAT traps - April 2025
Too many businesses falling into VAT traps VAT is complex, and too many businesses are making costly, avoidable mistakes. Even …
900,000 sole traders pulled into MTD for ITSA - April 2025
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning …
Labour introduces harsher penalties for late taxpayers - April 2025
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD …
Should you submit your tax return at the start of this tax year? - April 2025
Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax …
Why capital allowances should be top of your to-do list this April - April 2025
The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across …
Change to dividend reporting to affect thousands of owner-managed businesses - April 2025
From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax …
