Landlords coming to the end of their fixed rate mortgage deal are likely to be paying considerably more in interest when they remortgage....

Letting holiday properties, particularly in coastal resorts, may have a strong seasonal bias, and when business is slow during the...

The issue of whether a derelict a residential property and liable to stamp duty land tax (SDLT) at the residential rates was considered...

Most business owners know that VAT registration is a legal requirement should total taxable turnover for the previous 12 months exceed...

Making any employee redundant is a difficult decision and potentially distressing for all involved. Getting the process wrong could...

With greater use of home-working now the norm for many UK businesses, it’s important to think about the deductible expenses that you may...

Giving gifts to your employees can be a great way to increase engagement and raise the overall morale of your team. But how much can you...

As your company year-end date gets closer, there are a number of administrative and financial tasks to start planning for – so it’s a...

If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible...

Here's our Plain English guide to profit and loss and what this report reveals about your finances. What is profit and loss? Your profit...

Protests by farmers following the October 2024 Budget have catapulted agricultural property relief (APR) into the spotlight. But what is...

The favourable tax regime for furnished holiday lettings is to come to an end on 5 April 2025. This will mean that landlords of furnished...

Stamp duty land tax (SDLT) is charged at the residential rates on residential property and at the non-residential rates on...

Purchasing a commercial property at auction is a common occurrence. Although usually the sale or lease of a commercial property is exempt...

For many years the most tax-efficient method of withdrawing monies from a company by a sole director/owner has been to take salary up to...

Benefits in kind (BIK) are goods and services provided to an employee (or a member of their family or household) for free or at...

As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment tax...

The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme,...

The payment of National Insurance contributions is linked to entitlement to the state pension. If sufficient National Insurance...

A combination of higher interest rates and stealth taxation may mean that you are now paying tax on savings income for the first time. If...