An overview of filing and payment penalties for businesses
Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time.
Can nearshoring solve the economic confusion?
It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint.
Making Tax Digital is expanding – here’s what sole traders need to know
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Time is running out to respond to the open consultation on reforms to APR and BPR
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT).
Rising BADR rates bring MBO timing into sharper view
The idea of selling a business to its management team has long been part of succession planning in the UK.
Late tax payments now charged at 8.5 per cent as HMRC hikes interest rate
Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early payments, linking it more closely with the Bank of England base rate.
Why Trump’s tariffs could have more of an impact on your finances than you realise
As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume this is a crisis confined to Wall Street or the multinational giants.
Will a discretionary trust prevent your home from qualifying for the residence nil rate band?
No one wants to pay more Inheritance Tax (IHT) than they have to.
Are your payroll practices compliant with the new minimum wage rates?
1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW).
Major changes ahead for directors of close companies – New dividend reporting rules from April 2025
From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns.