Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
Topic
- All tax
- Benefits
- Business assets
- Company directors
- Corporation tax
- Crypto
- Dividends
- Employees
- Green initiatives
- HMRC
- Income tax
- Investments
- Making Tax Digital
- National Insurance
- PAYE
- Parents
- Payment processing
- Pensions
- Profitability
- Retirement
- SMEs
- Self employed
- Sole traders
- Start ups
- Technology
- VAT
- VC
Do the National Insurance contribution changes apply to me?
The headline news from the Chancellor’s Autumn Statement was the changes to National Insurance contributions (NIC) for the self-employed and employees…
Making Tax Digital gets simpler
There are significant Making Tax Digital (MTD) simplifications planned, being introduced in 2026. These changes include…
Cash basis is replacing accruals for 2024-25
For the self-employed, the cash accounting basis will replace accruals as the standard tax reporting method for 2024-25 (first year of tax year accounting).
Digital child benefit speeds up payment times
HMRC has launched an online, child benefit claim service for new parents, which will drastically reduce the amount of time it takes to make a claim and to receive payments.
Do you need to pay tax on your online side hustle?
This very much depends on whether you’re trading or not. Or in other words, are you making a profit from it?
Last chance to take advantage of 130% super-deduction
The “super deduction” is coming to an end on 31 March 2023. What do you need to do to take advantage?
Mind the NIC gap
Do you know whether your national insurance contributions (NIC) record is complete and correct?
Employer pension contributions: Consider making one before 31st March.
One way to mitigate the Corporation Tax liability for your company is to pay employer pension contributions for its director(s).
Individual pension contributions: Consider making one before 5th April.
Personal pension contributions will attract tax relief at the individual’s marginal (top) rate of tax. This can be achieved via an employer pension scheme or a personal pension arrangement.