A sole trader or proprietor of an unincorporated business may incur training costs. The tax treatment of those costs depends on whether...

We are increasingly hearing more and more about artificial intelligence (AI) and how its use can change our way of working both now and...

Recruitment agencies often use umbrella companies to pay temporary workers. HMRC confirms that there is no statutory definition of an...

People set up in business for a variety of reasons. For some it is a dream that becomes a reality some years later. In working towards...

Employers must pay their workers at least the statutory minimum wage for their age. Depending on the age of the worker, they may be...

Employers can opt to deal with taxable benefits in kind through the payroll (known as ‘payrolling’) rather than reporting them to HMRC...

For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which...

As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth...

As the end of the tax year approaches, it is prudent for those operating their business as a personal or family company to review the...

Work may be undertaken on a property to repair it or to improve it, and it will not always be clear where the dividing line falls. The...

Not all property is equal when it comes to stamp duty land tax (SDLT). Higher rates apply to residential properties than to...

A would-be property investor will need to be able to fund the purchase of their investment property. They may choose to do this...

The cost of living crisis has impacted on people’s ability to take holidays and short breaks. If you are a landlord letting a furnished...

It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the...

HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as 'the tax gap' as being ' 4.8% of total...

Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build...

Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) – a benefit worth...

Noone wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is achieved...

As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your 2023/24 dividend...

If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals,...