News
Heads up for company directors
As of April 2025, directors of close companies and self-employed taxpayers face new mandatory reporting...
Five goals every small business owner should set
Running a small business can feel like juggling endless priorities, but taking time to set...
Bank deposit protection limits set to rise
The UK’s financial regulator has proposed an increase to the level of savings protection available...
Exception from VAT Registration: What Small Businesses Need to Know
If your small business or sole trader operation has turnover close to the VAT registration...
VAT – Entertainment provided to directors and partners of a business
When considering VAT on entertainment provided solely to directors or partners of a business it...
Are casual payments taxable?
Not all casual payments are tax-free; HMRC’s miscellaneous income rules may apply depending on the...
Two important 2025 self-assessment deadlines
Paper tax returns are due 31 October 2025, and new registrants must notify HMRC by...
Tax-free income from letting a room in your home
Homeowners can earn up to £7,500 tax-free under the rent-a-room scheme, with simple reporting and...
Sharing income from jointly held property
The standard tax treatment for couples living together, whether married or in a civil partnership...