One of the most common questions we get asked is: “What exactly counts as a business expense?” It’s a great question, as well as an important one, because claiming legitimate expenses helps reduce your taxable profits and, ultimately, your tax bill. So, what...
As of 2024, new reporting requirements mean that digital platforms such as Amazon, eBay, Vinted and Etsy must now share information with HMRC about sellers using their platforms. Fast forward to the Spring Statement, and the Chancellor has laid out a clear commitment...
Download your Spring Statement Summary Report here Chancellor Rachel Reeves’ Spring Statement didn’t deliver any major tax changes, but it wasn’t without substance. With a renewed focus on compliance, big ambitions for housebuilding and infrastructure and an extension...
With the rise of electric vehicles (EVs) and changing tax regulations, businesses need to weigh the tax advantages and disadvantages of different company car options. Whether opting for traditional fuel-powered cars or making the switch to EVs, understanding the tax...
As the tax year-end approaches, now is the time to take advantage of available reliefs and allowances to maximise tax efficiency. In this week’s Tax Tuesday, we flag seven key areas for business owners and individuals to consider before 5 April 2025. Maximise your ISA...
The UK government’s planned inheritance tax (IHT) relief changes have caused significant concern among business owners, particularly in agriculture and family-run enterprises. Announced in the Autumn Budget 2024, the government is proposing to reform IHT agricultural...
