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Fresh Ideas for Additional Revenue Streams
For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but...
How to Increase Gross Profit Returns
Gross profit is one of the clearest indicators of how well your business is performing...
Tax Diary June/July 2025
1 June 2025 - Due date for corporation tax due for the year ended 31...
Definition of R&D for tax purposes
When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet...
Tax treatment of income after cessation
After a business closes, income can still arise. Post-cessation receipts must be properly reported and...
Tax refunds for dissolved companies
Dissolving a company ends its legal existence — but unresolved assets become property of the...
Tax relief if required to work from home
If employees must work from home and their employer does not reimburse certain costs, they...
Is income from hobbies taxable?
Not every money-making hobby counts as a business for tax purposes. Knowing when a hobby...
State Benefits – What is taxable and what is not
Not all state benefits are tax-free! Some, like the State Pension and Carer’s Allowance, are...