Articles
What rising Inheritance Tax means for your estate and how to prepare
Inheritance Tax (IHT) is quickly becoming a larger burden for many families as increasing property values, frozen thresholds, and changes to tax rules drive up receipts. Figures from HM Revenue...
How the minimum wage increase could impact Student Loan Repayments and Payroll
The National Minimum Wage will rise to £12.21 per hour in April, offering a welcome pay boost for many workers. However, for graduates, this increase may bring the unexpected consequence...
Using tax wrappers to shield your wealth from rising CGT rates
The October Budget delivered a significant shake-up, with the Government hiking Capital Gains Tax (CGT) rates across the board. As of 30 October 2024, basic rate taxpayers now face an...
What are the costs, reimbursements, and tax implications of charging an electric company car at home?
As more businesses switch to electric vehicles (EVs), employees and directors often find themselves charging their company cars at home. With the frequency increasing, how do you track costs, claim...
Is your business really green? Why sustainability is more than just a buzzword
For years, going green was seen as a ‘nice-to-have’ – a flashy PR move or a way to tick a few corporate responsibility boxes. But those days are over. Sustainability...
Considering price increases? How to protect your bottom line without losing customers
Price increases are on the horizon for many UK businesses. With the British Chambers of Commerce (BCC) reporting that more than half of companies expect to raise prices in the...
A short guide to Section 455 and directors’ loan accounts
Directors’ loan accounts (DLAs) can be very useful – especially for owner-managed businesses – but they come with some tax implications under Section 455 (Corporation Tax Act 2010). If you...
Unlocking tax reliefs for the creative industry
The creative sector contributes vibrancy and innovation to the economy, and the Government recognises this with a range of tax reliefs and expenditure credits. If your company is part of...
Strategies for businesses to plan ahead of company car tax changes
Taxation for company vehicles is changing – again. If you are managing a fleet, you will face higher costs, tougher decisions, and a balancing act between electric, hybrid, and traditional...
What qualifies a Furnished Holiday let for Business Asset Disposal Relief?
To claim Business Asset Disposal Relief (BADR) on your Furnished Holiday Let (FHL), the property needs to meet specific criteria set out in tax law. Currently, the rules are outlined...
