If your business owns residential property, you may need to pay tax this month

Many corporate entities and businesses purchase residential property to diversify and bolster their investments and generate profits through capital gains and rent. However, this strategy is not without its liabilities. Whilst you may be aware of the various taxes that apply to property – like Capital Gains Tax (CGT) or Council Tax – we often […]

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Making MTD for ITSA easier for landlords

Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.

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Five steps to growing your business, safely

There is an inherent degree of risk in any business growth strategy – but keeping this risk to a minimum can help you grow your business without sacrificing your hard work. Growing your business hinges on your ability to take calculated risks, whether that be by investing in innovation or by taking on a new […]

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Are barriers to investment harming your productivity?

A survey by the Bank of England (BoE) and the Department of Business and Trade has identified a potentially significant challenge facing SMEs on their journey towards growth. The survey’s findings indicate that investment is crucial to sustaining growth for SMEs, but that many businesses faced barriers to accessing finance to make sufficient investment in […]

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HMRC income tax receipts rise by £2 billion

HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax receipts, reflecting a strong self-assessment period and an evolving dynamic within the tax landscape. The Government’s recent changes, including adjustments to National Insurance Contributions (NICs), have both mitigated and exacerbated the overall NIC burden. This is because they encompass rate reductions […]

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Redundancy regulations are changing – What it means for your payroll and policies

From 6 April 2024, UK redundancy rules will change, particularly surrounding pregnant employees and those on family-related leave. The new legislation extends the ‘protected period’ for redundancy to 18 months after the birth or adoption placement, requiring employers to prioritise these employees for suitable alternative employment in case of redundancies. The financial impact on your […]

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