Monthly Archive: January 30, 2025

Is your payroll system prepared for changes in the upcoming tax year?

We are getting ever closer to the 2025/26 tax year, when changes to payroll regulations announced last year will come into effect.

Read More

Do you need to pay tax on your side hustle income?

Side hustles are a great way to boost your income, but they can come with tax obligations.

Read More

Mind the gaps – How National Insurance credits can protect your future

For many, National Insurance (NI) contributions might seem like it is working away in the background, quietly building up a record throughout your working life.

Read More

How to minimise Inheritance Tax liability amidst rising tax receipts

Inheritance Tax (IHT) receipts are climbing, with the first three quarters of the 2024/25 financial year bringing in £6.3 billion – an 11 per cent increase compared to £5.7 billion during the same period last year.  

Read More

Is your business ready for the April 2026 Making Tax Digital ITSA rollout?

The next phase of the Making Tax Digital (MTD) initiative is edging ever closer.  

Read More

Will the minimum wage rise push graduate workers into unexpected student loan repayments?

The upcoming rise in the National Minimum Wage to £12.21 per hour from April has prompted fresh challenges for businesses, especially when managing graduate employees in non-graduate roles.  

Read More

How tax wrappers can mitigate the impact of rising Capital Gains Tax

The Autumn Budget brought unwelcome news for investors, with the Government announcing immediate increases to Capital Gains Tax (CGT) rates.

Read More

Is your business prepared for increased HMRC scrutiny?

Recent figures show that HM Revenue & Customs (HMRC) recovered £45.7 billion in tax probes in 2024, a £10 billion increase from the previous year.  

Read More

Charging company electric vehicles – Costs, reimbursements, and tax implications

With the rise of electric vehicles (EVs), many company directors and employees charge their cars at home.  

Read More

Is your business environmentally sustainable? Why going green can improve your bottom line

For business owners, sustainability might have been something viewed as a nice-to-have or a PR exercise in the past, but because the regulatory landscape is changing fast, businesses that do not get ahead of these changes risk being left behind. 

Read More