More than a million pensioners now pay higher rate tax – Here’s what it means for you
New figures have confirmed what many retirees are starting to feel in their bank statements.
Blog
You don’t own the business, but do you still owe the tax? HMRC ‘failure to notify’ penalties following a share disposal
If you are a shareholder in a company you have little involvement in, you might not realise a share disposal can trigger Capital Gains Tax (CGT).
Sole trader vs limited company for side hustles – Which is the most tax-efficient?
With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision.
Why is keeping business and personal finances separate so important?
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache.
Late payments are crippling SMEs: How to mitigate the impact
It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a day!
First Making Tax Digital deadline looms – 400,000 people still yet to register
Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up.
The top tax-saving opportunities that are often missed by SMEs
Nobody wants to pay more tax than they need to. For SMEs, paying the right amount of tax has become more important than ever.
Cash flow versus profit – Which matters more to an SME?
While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked.
Government proposes changes to the taxation of distributions and repayments of capital from companies
The last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s Tax Update 2026.
Paying tax as you earn it: The proposal that could reshape Self Assessment
Anyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January.