June 26, 2025
Struggling with late-paying customers? The VAT Cash Accounting Scheme helps protect cash flow by taxing only what you have received.
The VAT Cash Accounting Scheme is designed to support businesses
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June 26, 2025
From April 2024, the cash basis is the default method for sole traders and most partnerships when preparing Self-Assessment returns. Designed to simplify tax reporting, the cash basis lets businesses
June 26, 2025
If you’ve spent your own money on clothing or tools you need for work, you might be able to claim tax relief. In this context, a business expense is a cost that is wholly and exclusively incurred for
June 24, 2025
A recent tribunal clarified the procedural powers of the Certification Officer (CO), ruling that applications from trade union members cannot be refused simply because they are deemed
June 23, 2025
In a significant update, the UK government has unveiled a new compensation scheme targeting individuals affected by the earlier “Capture” software, used in over 2,000 Post Office branches
June 23, 2025
The government has announced the reinstatement of Winter Fuel Payments for pensioners in England and Wales for winter 2025-26, reversing the previous year's cuts. Around nine million pensioners are
June 19, 2025
Streamline your VAT reporting with fewer returns and smoother cash flow. The Annual Accounting Scheme makes VAT easier to manage for eligible small businesses.
The VAT Annual Accounting Scheme is
June 19, 2025
You could earn up to £18,570 in tax-free savings interest in 2025-26, thanks to the personal allowance, starting rate for savings, and the Personal Savings Allowance.
If your taxable income for the
June 19, 2025
Once your income passes £100,000, your tax-free allowance starts to shrink. Between £100,000 and £125,140, the effective tax rate climbs to 60%, but smart planning can help.
If you earn over £100,000
June 19, 2025
From self-employment to rental income, there are many reasons you may need to file a Self-Assessment return. Know the triggers and register with HMRC by 5 October if this is your first time.
There
June 19, 2025
Corporation Tax Rates: What You Need to Know
From 1 April 2023, Corporation Tax in the UK operates on a tiered system. The main rate of 25% applies to companies with taxable profits over £250,000,
June 19, 2025
The government’s 2025 Spending Review outlines a major funding boost for healthcare, defence, housing, and infrastructure to support long-term recovery and growth.
The 2025 Spending Review was