Loss of personal allowance – the £100k ceiling
For the current tax year, taxpayers with adjusted net income between £100,000 and £125,140 will...
LLP salaried members
Not all LLP members are taxed as partners. HMRC may treat them as employees if...
Limits on Income Tax reliefs
The limit on Income Tax reliefs has applied since 6 April 2013. This measure was...
Letting out part of your home – claiming lettings relief
Renting out part of your home may affect Capital Gains Tax when you sell. While...
Less than a year before MTD for Income Tax starts
MTD for Income Tax kicks off in April 2026 for those earning over £50k. Digital...
Less than 1 month to self-assessment filing deadline
There are now less than 2 months to the self-assessment filing deadline for submissions of...
Learning from mistakes in business
Making mistakes in business is unavoidable. No matter how experienced or careful someone is, decisions...
Launch Your Dream Business: 10 Must-Know Steps
Starting your own business is exciting but can be overwhelming if you’re not prepared. To...
Late Payment Support for Small Businesses – How to Protect Your Cash Flow
Cash flow is the backbone of any small business, yet late payments continue to be...
Last month to file 2023-24 tax return
The 31 January 2025 deadline for self-assessment tax returns is fast approaching. Avoid penalties and...
Landmark economic deal with United States
On 8 May 2025, the UK government announced a landmark trade agreement with the United...
Landlords with undeclared Income
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in...
Keeping your best people with flexible working
For many small business owners, finding and keeping good staff is one of the biggest...
Keeping an eye on competitors
Keeping an eye on competitors offers crucial advantages, especially in a dynamic market. Here’s why...
Just because an employee is a lawful resident of the UK does not give them the right to work
A restaurant in Middlesborough recently challenged a civil penalty notice of £15,000 issued by the...
Jointly owned property – no partnership
Tax on rental income from jointly owned property depends on ownership shares, unless part of...
It is not always possible to mend fences – Reinstatement is not always a practicable option where there is a breakdown in employment relations
The Employment Appeal Tribunal (EAT) upheld claims of constructive dismissal and disability discrimination against Whyte...
Is your trade in goods or services a business
Selling goods or services? It’s vital to know if HMRC considers this a business. From...