If you are self-employed, you will pay tax on your taxable profit. In working out your taxable profit, you can deduct certain expenses...

Despite the shortage in rental accommodation, investment in residential property is out of favour. In her Autumn Budget, the Chancellor...

One of the few pleasant surprises in the Autumn 2024 Budget was that the Chancellor did not increase the rate of capital gains tax on...

The favourable tax rules that apply to furnished holiday lettings (FHL) come to an end on 5 April 2025. For many landlords, this may be...

Many start-up businesses take out loans to get going, e.g. to purchase stock needed to sell, or to make the first rent payment or rent...

Post pandemic, homeworking has become the norm, especially the increase in 'hybrid' working, i.e. spending part of the week at home and...

HMRC's Alternative Dispute Resolution (ADR) process was introduced over a decade ago, the intention being to provide an 'alternative'...

Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), sole traders and unincorporated landlords within its scope will...

Under payrolling, employers deal with taxable benefits provided to employees through the payroll, treating the taxable amount of the...

Business Asset Disposal Relief (BADR) is a valuable relief which reduces the rate of capital gains tax payable on gains made on the...

Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual...

One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance contributions from 6 April 2025....

The rapid technological advancements we're seeing are a double-edged sword for many business owners, presenting both great opportunities...

Many directors believe they have an absolute right to monies deposited in a company's bank accounts. However, payment cannot just be...

Landlords with furnished holiday lettings (FHLs) are living in uncertain times. At the time of the 2024 Spring Budget, it was announced...

For many people, there will come a time when it becomes sensible or necessary to sell the family home, either to downsize or because of a...

In most cases, a higher rate of stamp duty land tax (SDLT) applies to the purchase of second and subsequent residential properties in...

HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains tax which result in the...

Just because an employee receives a lump sum on leaving does not necessarily mean the payment is exempt from tax under the £30,000...

The fall in the dividend allowance in recent years may mean that you now need to pay tax on your dividend income for the first time. The...