Blogs
HMRC has Closed its Phone Lines – How to Make Contact
With four days’ notice, a trial to redirect Self Assessment (SA) queries from HMRC’s phone
Would An LLP Be Better For Your Business? Advantages & Disadvantages Compared With Companies
When setting up in business, most people weigh up the pros and cons of operating
Are You Ready For The Change? Self-Employed – Basis Period Reform
As part of HMRC’s Making Tax Digital initiative, the existing method of calculating profits on
Mixed-Use Properties and SDLT
For stamp duty land tax (SDLT) purposes, a property may be a residential property, a
CGT Advantages of Furnished Holiday Lettings
Furnished holiday lettings (FHLs) have a number of tax advantages over residential lets. These advantages
Selling the Garden for Development
If you own a large plot of land that you no longer require but you
Are You Entitled To Small Business Rate Relief?
Business rates are charged on non-domestic properties like shops, offices, warehouses, factories and holiday rentals
Do you Need to Complete A Tax Return?
Even if you pay all your tax through PAYE, you may still need to complete
Mobile Phones – A Worthwhile Benefit
The tax system contains a number of exemptions, some of which are more useful than
NIC Advantages of Part-Time Workers
Employers looking to take on new staff may wish to consider employing two or more
Tax and Tips
The Employment (Allocation of Tips) Act 2023 sets out a new legal framework for the
A Different Method of Paying Tax
Tax payments for the self-employed or those who declare their income under self-assessment are payable
Class 2 National Insurance Voluntary Contributions Are No More
Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate
Deferring Capital Gains Tax on A Business Asset
The potential to be charged capital gains tax (CGT) arises with the sale or gift
Enjoy £7,500 of Tax-Free Income Under the Rent-A-Room Scheme
If you have a spare room in your home, you may consider letting it out