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1 June 2023 – Due date for corporation tax due for the year ended 31 August 2022. 19 June 2023 – PAYE and NIC deductions

The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of a business. Normally the sale of

The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis

A new law that stops employers from withholding tips from people working in the hospitality, leisure and services sectors has come into force. The Employment

The government has announced a number of new measures to help millions of people boost their future savings. One of these measures is a simplification

Homeowners who make their properties more energy efficient could see their mortgage rate cut under a new government-backed pilot. More than £4m has been awarded

Taxpayers are missing the chance to claim for work-related expenses – and many of those who do, fail to receive a full refund by using

For small and medium-sized enterprises (SMEs), effective financial management is vital for success in a competitive business landscape. Harnessing the power of management accounting, coupled

Families looking for support during the cost-of-living crisis will be reassured by action being taken to help control the price of road fuel and groceries.

Factories producing some of the country’s best-known beers, cereals, soft drinks and cars will receive government support to reduce their energy costs and cut carbon

Millions of pounds of taxpayers’ money have been saved as the Government clamps down further on benefit fraud. With a fresh determination to drive down

Low earners will benefit from plans introduced in a raft of tax changes to help them boost their savings. The Government has published 23 technical

Millions of hospitality workers can look forward to seeing extra pounds in their pockets with the passing of a new Tipping Bill. More than two

Energy intensive businesses can benefit from new support under the Government’s latest move to support industry. Some companies using high amounts of energy could see

New legislation has been introduced to put an end to online fake reviews and subscription traps that costs more than £1bn a year. The measures

1 May 2023 – Due date for corporation tax due for the year ended 30 July 2022. 19 May 2023 – PAYE and NIC deductions

The new pension tax reforms that were announced in the recent Spring Budget took effect from 6 April 2023. The old £40,000 cap on annual

Scotland’s new First Minister Humza Yousaf has announced a new £15 million investment to help tackle child poverty. This investment will see thousands more low-income

If you earn over £100,000 in any tax year your personal allowance is gradually reduced by £1 for every £2 of adjusted net income over

The annual exempt amount applicable to Capital Gains Tax (CGT) has been reduced to £6,000 (from £12,300) for the new 2023-24 tax year. CGT is

From time to time, it feels good as a boss to be able to treat your team, whether it’s someone’s birthday or as a get-well

Taxes are one of the certainties of life, according to Benjamin Franklin, and if you are in business it pays to know for which taxes

As a business owner, it’s important to have a good relationship with your accountant. We can provide valuable insights into your business finances and help

Households using alternative fuels will be able to access more financial support after the Government expanded its energy bills initiative. Those whose heating comes from

The start of the new tax year brings with it the opportunity for businesses to take advantage of the Chancellor’s capital allowances package. A new

Fears that the State Pension age (SPa) could rise to 70 have been allayed – for now – as the Government announced it plans to

The Monetary Policy Committee decided last month to increase the Bank of England (BoE) base rate to 4.25% from 4% and HMRC has followed with

1 April 2023 – Due date for Corporation Tax due for the year ended 30 June 2022. 19 April 2023 – PAYE and NIC deductions

There is a significant amount of information about companies that can be obtained from Companies House. Companies House is responsible for incorporating and dissolving limited

The first monthly returns and payments affected by HMRC’s new VAT penalty regime were due by 7 March 2023. The new VAT penalty rules apply

In some circumstances it can be beneficial to make voluntary National Insurance Contributions (NICs) to increase your entitlement to benefits, including the State or New

The government published the Spring Finance Bill 2023 on 23 March 2023. The Bill is officially known as the Finance (No 2) Bill, because it

The challenge of increasing energy costs for UK businesses is a significant concern, particularly in the context of ongoing efforts to reduce greenhouse gas emissions

Steps have been taken to simplify VAT guidance for overseas sellers that sell goods online into the United Kingdom to help reduce the tax gap.

The biting cost of living crisis and yet another rise in interest rates means families need all the financial help they can get. With the

As a new tax year approaches, business owners need to prepare their payroll and ensure compliance with the latest tax laws and regulations. April is

A £27 billion tax cut for business to drive investment and growth featured among the headlines of Jeremy Hunt’s Spring Budget. A ‘full expensing’ policy

As expected, the Chancellor, Jeremy Hunt, resisted pressure to reduce taxes in any significant way, and the majority of his announced changes were already in

Retirement may be a long way off, but when it does come time to leave your business, you want to ensure it is in the

Starting up your own business may be the dream, but is it right for you? We look at some of the pros and cons of

There are a number of reasons why you may look to close your limited company. This could be because the limited company structure no longer

The changes to VAT penalties from 1 January 2023 will affect everyone who submits VAT returns, including nil or repayment return. The default surcharge regime

1 March 2023 – Due date for Corporation Tax due for the year ended 31 May 2022. 2 March 2023 – Self-Assessment tax for 2021-22

National Insurance credits can help qualifying applicants to fill gaps in their National Insurance record. This can assist taxpayers to build up the number of

The Bank of England’s Monetary Policy Committee (MPC) met on 2 February 2023 and voted 6-3 in favour of raising interest rates by 50 basis

The annual exempt amount applicable to Capital Gains Tax (CGT) is to be more than halved from April 2023. This means that the exempt amount

If you’re married or in a civil partnership, you could be one of the 2.1 million couples currently benefiting from Marriage Allowance. Understanding Marriage Allowance

Running your own business can incur a number of costs, not least renting premises. But if you are a sole trader you may prefer to