Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies. The advantages of limited companies include limited personal liability, mitigated taxation and greater exposure to investment opportunities. To help you start your journey towards limited company status, here are our […]

If you are looking to plan your exit from your business, whether for retirement or to start your next venture, we know you will want to do this in the most tax efficient way possible. Employee Ownership Trusts (EOTs) are an increasingly popular way for business owners to exit while securing the future of their […]

Claiming allowable expenses when calculating taxable profit as a self-employed business owner is an important step in preparing your tax return. It will ensure you are not paying more tax than you need to and help mitigate some of the costs of running your business. If you work from an office or use one in […]

Sometimes, paying your tax bill on time can be difficult when costs are high. If you miss a payment deadline or think you will miss one because you are unable to pay your tax bill, you must contact HM Revenue & Customs (HMRC) as soon as possible. You may have the option to set up […]

Directors have the ability to draw income from a business in several ways, including through the extraction of profits from the business, which can create significant opportunities to manage tax liabilities. Key tax rates and allowances for 2025/26 Here is what directors in England, Wales, and Northern Ireland need to keep in mind for the new tax […]

If you are a sole trader or small business owner using a double cab pickup (DCPU) for your work, now is the time to consider your options. The Budget revealed a tax change for DCPUs that could have significant financial implications for both you and your business. Whether you are looking to expand your fleet […]

With Christmas right around the corner, many of you might be looking into ways to spread the holiday cheer among your employees. Maybe you want to give a box of chocolates to your executive assistant or a bottle of wine to your line managers – small gestures that brighten up the workplace. Unfortunately, it is […]

Capital Gains Tax (CGT) was a significant target for the Chancellor in the Autumn Budget – with an immediate rise put in place for both the basic and higher rate of CGT. The basic rate paid by basic rate taxpayers rose immediately to 18 per cent – up from 10 per cent. Meanwhile, the higher […]

In Chancellor Rachel Reeves’ 2024 Autumn Budget, she announced over £40 billion of tax increases, as the Government attempts to fill a £22 billion gap in public finances. The headline measure was a rise in employer National Insurance Contributions (NICs), from 13.8 per cent (where applicable) to 15 per cent. The Chancellor also reduced the […]