Making Tax Digital: Are you ready for your first quarterly deadline?

If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to ensure you are ...

Employee benefits: Are you creating tax problems without realising it?

Providing benefits and covering expenses for employees is a common part of running a business, but it is important to ...

Could your savings generate a tax bill?

Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available ...

Selling shares this year?

If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any profit, or 'gain', ...

Have you overlooked this valuable capital allowance?

If you have invested in a new commercial building or carried out significant renovation work, you may have overlooked a ...

Are you claiming all your allowable business expenses?

If you are self-employed, claiming all of your allowable business expenses can reduce your taxable profit and, in turn, the ...

Where do we draw the line between free speech and racism?

The volatile boundary between workplace speech, belief, and discrimination was recently ignited in a case that tested the sanctity of ...

Tax Diary August/September 2026

1 August 2026 - Due date for Corporation Tax due for the year ended 31 October 2025. 19 August 2026 ...

When did you last check your credit rating?

Many business owners regularly monitor their bank balance, sales and cash flow, but overlook another important financial indicator, their credit ...

Company filing penalties you should avoid

Most company directors are aware that they must file annual accounts and a confirmation statement with Companies House. However, missing ...

Child Benefit and the High Income Child Benefit Charge

The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives Child Benefit, and their adjusted ...

Avoid 60% Income Tax band

A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once this threshold ...

Meaning of Carried Interest

Carried interest is essentially a share of the profits from an investment fund that is paid to the fund managers ...

Construction Industry Scheme responsibilities

The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage payments between contractors and subcontractors ...

Don’t forget to pay your Class 1A NICs

Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025–26 tax year must be paid by 19 ...

Meaning of Permanent Establishment

The term permanent establishment (PE) is an important tax concept for businesses that operate across international borders. In simple terms, ...

Are you too dependent on one customer?

Many successful businesses begin by working closely with one major customer. While this can provide valuable income and stability in ...

Five ways to improve customer retention

Winning new customers is important, but many businesses overlook the value of keeping the customers they already have. Existing customers ...

Employee travel expenses

There is no requirement to report certain travel and subsistence expenses where an exemption applies. The travel and subsistence benefits ...

Tax treatment of loans to employees

Employees may receive a taxable benefit where an employer provides a loan that is interest-free or charged at a rate ...

Company mobile phones and tax implications

When employers provide mobile phones to employees, it is important to understand the tax treatment that applies to both the ...

Understanding dividend tax

Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from ...

Tax relief on professional subscriptions

Employees may be entitled to tax relief on certain professional fees and subscriptions that they pay personally. The relief is ...

Investment Manager Exemption (IME)

The Investment Manager Exemption (IME) is a long-standing HMRC concession that helps attract international investment in the UK. It allows ...