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Downsizing business operations is a perfectly acceptable response to economic pressures, and this may lead to an absence of activity for a period of time.

The fairer private rented sector white paper published 16 June 2022, will ensure millions of families benefit from living in decent, well looked-after homes as

It is no longer certain that if you receive a letter, email, text or phone call – purporting to be the tax office or some

Within a few years, many taxpayers that are presently required to file a tax return, and most businesses, will be required to file quarterly data

If you employ students to manage your staff needs over the summer break period, you will need to add them to your payroll and apply

The scope of tax fraud seems to be taking on new forms according to a recent press release issued by HMRC. The latest attempt involves

HMRC have noticed an increase in claims for Stamp Duty refunds that are incorrect In fact, new homeowners are being warned about cold calls from

1 June 2022 – Due date for corporation tax due for the year ended 31 August 2021. 19 June 2022 – PAYE and NIC deductions

If you pay for the fuel used in your company car you are entitled to recover the cost of the fuel – for business journeys

If your business processes materials or assembles goods for sale it will need to keep a stock of items to ensure that future sales can

There are a number of tax incentives if you own and let a furnished holiday lets property (FHL). They include:   Claiming Capital Gains Tax

Long-awaited government support to help consumers meet the unprecedented increases in energy costs was announced by the Chancellor this week.   His measures have been

Many households are considering their options to reduce their energy costs in light of the recent price hikes in the cost of electricity and gas.

Setting up and running your own business is a risky undertaking. What happens if sales reduce or disappear, and you are left with unpaid costs

Cornwall, and we expect many holiday locations, are seeing an increase in landlords switching from domestic letting to holiday lets. Aside from the increased rents

If we lived in a world where the factors that affected trade and other commercial activity were unchanging, then plans drawn up for extended periods,

The new Financial Services and Markets Bill, announced during the recent Queen’s Speech at the state opening of parliament, will support consumers by protecting access

The more draconian government interventions introduced to control the COVID outbreak have challenged all of us, businesses and individuals, to consider the notion that we

Would demand for the products or services you sell vary with price increases or decreases? This conundrum is considered by the term elasticity in economic

The UK tax code has numerous reliefs and allowances that reduce tax when businesses invest in qualifying assets. Some of the reliefs allow up to

The other side of the recent hikes in consumer energy costs – taking their toll on take-home pay across the UK – are the similar

Are you using your time productively and efficiently? Do you need help with  time management? Haven't got time to attend this webinar? Then maybe you

1 May 2022 – Due date for corporation tax due for the year ended 30 July 2021. 19 May 2022 – PAYE and NIC deductions

Parliamentarians will debate the government’s ground-breaking Online Safety Bill which requires social media platforms, search engines and other apps and websites allowing people to post

Employers can pay employees a fixed rate per mile to cover the costs of using their own vehicles on company business. The present agreed rates

The Employment Allowance has risen from £4,000 to £5,000 – meaning smaller firms will be able to claim up to £5,000 off their employer National

Dividends are a distribution of company profits to shareholders. Historically, they have been taxed as unearned income – no National Insurance deductions. This is still

Planning to save tax may seem like a luxury buy in these days of rising prices and recovering from COVID fallout. And yet tax planning

We are all feeling the effects of inflation, increasing energy, fuel and the price of basic foodstuffs affect us all. The Government Actuary’s Department has

When corporation tax increases from 1 April 2023, companies will need to consider three scenarios: From 1 April 2023: The main corporation tax rate is

Many business owners feel qualified to act on their subjective conclusions. Where these conclusions are key to the continuing success of the business this internal

Whether you are self-employed or run your business through a company, the profits you produce are subject to tax less any reliefs for past losses

How do we plan for the unpredictability that is a recurring feature of our business lives? Brexit, COVID-19, and now the war in Ukraine, all

Landlords are described by HMRC as a property business and yet their income, rents received, is treated as an exempt transaction for VAT purposes, i.e.,

Like so many of the regulations that govern our lives, the legislative processes underpinning these rules are anachronisms – things that belong to the past.

1 April 2022 – Due date for Corporation Tax due for the year ended 30 June 2021. 19 April 2022 – PAYE and NIC deductions

HMRC issued the following press release 8 March 2022: “HMRC is warning customers not to share sensitive personal information online to avoid their identities being

Individuals with significant income – including the self-employed – are presently required to file one tax return a year. From April 2024, HMRC’s Making Tax

In preparation for the introduction of Making Tax Digital for Income Tax Self-Assessment the basis period rules for unincorporated businesses are being abolished. Instead, unincorporated

The present 19% rate of Corporation Tax applies to all companies whatever their size. From 1 April 2023, this flat rate will cease to apply

Self-Assessment taxpayers have until 1 April 2022 to pay their tax bill for 2020-21 or set up a payment plan to avoid incurring a penalty.

We have summarised below the three main sources of government support to assist householders with their energy bills for the coming year. They are: A

The Chancellor, Rishi Sunak, has delivered his Spring Statement to the House of Commons against a backdrop of a growing cost of living crisis. The

In just over a year’s time, from 1 April 2023, corporation tax rates are increasing. At present, companies pay tax on profits at a single

As we approach the beginning of the next fiscal year, from April 2022 to March 2023, what options do you have to rethink your planning

Since January 2021, large companies have been requested to sign up to a government initiative that requires them to set out how effective they are

The following press release issued by the Charity Commission sets out how to ensure your donations reach those affected by the invasion of Ukraine. “The

Many of us have chosen to donate to relief organisations in the past week as the plight of displaced persons in Ukraine continues to dominate