Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs.
Is your partnership tax-efficient?
Tax
Have you used your capital allowances this financial year?
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill. Read more
Making the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year?
My business prioritises sustainability – Can I claim tax reliefs?
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.
Can I claim Employment Allowance for my business?
The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).
Higher rate taxpayer? How to prepare for the end of the tax year
The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.
HMRC U-turns on its double cab pickups tax decision
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners. Read more
Loophole closed: Pickups are now classed as cars (NOT vans)
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
Making Tax Digital – Your questions, answered
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
Government to change tax law twice before election – How to prepare
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.