Insights
Our tax and accountancy experts give their views on the latest news and events affecting business owners in the UK.
EIS and VCT extended for ten years
The government has announced that two popular business investment incentives, offering a number of tax breaks, have been extended.
Simplify your payments with fumopay
Simplify your payments: Why fumopay could be a game changer for sole traders and SMEs
Should I set-up as a sole trader or limited company?
Which is right for you will depend on your business goals and personal circumstances. Our aim with this article is to help you understand the differences and help you to make an informed choice.
Zero VAT on energy-saving materials
The installation of some specified ESMs in residential accommodation is now zero rated for VAT, a change that took effect on 1 February 2024.
Horizon update: Subpostmasters compensation
There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal. Each will have different tax implications.
Changes to student loans repayments for the self-employed
The profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.
Payrolling benefits is becoming mandatory
The latest changes to the reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind.
Making Tax Digital: quarterly update returns
HMRC has made it clear that individuals holding cryptoassets, like Bitcoin, need to pay tax on any income or gains that have been made.
Declaring your cryptoasset gains
HMRC has made it clear that individuals holding cryptoassets, like Bitcoin, need to pay tax on any income or gains that have been made.
Capital allowances for partnerships
HMRC has confirmed that all partners subject to corporation tax are eligible for enhanced capital allowances.