Individuals have a separate tax-free allowance for capital gains tax purposes – the capital gains tax annual exempt amount. Although it...

If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to...

Although the economy is said to be stagnating with little growth on the horizon, many smaller companies are doing well and have healthy...

Employees often use their own cars for business journeys and are paid a mileage allowance by their employer to cover the cost of fuel and...

The VAT flat rate scheme is a simplified scheme for smaller VAT-registered businesses. While using the scheme will save work, this may...

Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on...

Where an employee has more than one job, they may be able to defer the payment of Class 1 National Insurance contributions in one or more...

There are various reasons why tax may be overpaid, and when more tax has been paid than is due, it is understandable that the taxpayer...

When starting a business, there are various decisions to make and tasks to perform. One of the first questions to address is whether to...

One of the more unpopular Budget announcements was the rise in employer’s National Insurance from 13.8% to 15% from 6 April 2025. The...

Owners of investment properties and second homes may decide to sell up for a variety of reasons. They may wish to take advantage of a...

There is a stamp duty land tax (SDLT) deadline on the horizon – from 1 April 2025, there are changes to both the residential SDLT...

Landlords letting furnished holiday accommodation have hitherto enjoyed a range of tax benefits, including the ability to deduct interest...

Being a business owner can be immensely rewarding. But it's also a highly pressurised and stressful vocation to choose. The business...

Keeping your operational expenses under control, while also remaining efficient and meeting customer demand can be a challenge – one that...

Getting to grips with the basics of accounting, financial management and business strategy can be a challenge. To make things easier,...

Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an...

Getting to grips with the basics of accounting, financial management and business strategy can be a challenge. To make things easier,...

When times get tough, it can be easy to let some of your people processes fall away as you concentrate on the basics of the business....

Why is cashflow so central to good financial management? Here's our plain english guide. What is cashflow? Cashflow refers to the...