Blog
No HICBC reform: a closer look
The 2024 Autumn Budget made headlines for a number of reasons, but behind the flagship announcements was an important confirmation that planned reforms to how families are subject to the child benefit clawback will be scrapped. What’s the full story?
Employers' NI rate hike: mitigating the extra cost
The news that employers' NI is to increase next year was all but known before last week's Budget. However, there were some unexpected "ifs" and "buts" to consider too. What's the full story?
Small businesses braced for extra capital gains tax burden
The 2024 Autumn Budget included a number of capital gains tax (CGT) announcements, including increases to the main rates. But why will small business owners be feeling particularly targeted?
2024 Autumn Budget: the highlights
Today we had the first Labour budget since 2010. What are the key takeaways?
Tax relief for loss-making companies
You’ve decided to wind up an unsuccessful business venture. After a good start the business has made losses in the last few financial years. What tax relief, if any, can be claimed to mitigate the losses?
Timing dividends to delay or reduce tax
The Budget is just a couple of days away with changes to the tax rules and rates on the cards. As a company owner manager who takes income mainly as dividends, you may be concerned about a hike in rates on investment income. How can you control when they are taxed to maximise tax efficiency?
Building materials - reverse charge or not?
One of your subcontractors has sent their first invoice. He’s charged VAT on materials but not on the services because these are covered by the domestic reverse charge (DRC). Is the VAT charge on materials correct and if not what steps should you take?
ITSA refund security checks
You’re due an income tax refund of £1,200 from your 2022/23 tax return which you filed in December 2023. Unbelievably, the refund is still held up by HMRC’s security checks. How can you speed up the repayment?
Boost your family’s pension fund tax efficiently
Your spouse hasn’t paid into her pension fund since giving up work to have children. You’ve been told that you can pay contributions on her behalf. As a company owner manager, is it more tax efficient for you or your company to make the payment?
Is VAT due on fees you charge to late-paying customers?
Your business has experienced problems collecting money from certain customers so you will include late payment penalties and interest clauses in future contracts. How will these sources of income affect your VAT returns?
Business incorporation - optimise relief for capital expenses
Your business has grown significantly and so you’ve decided to transfer it to a limited company. This will trigger special rules for recalculating capital allowances that could result in an extra tax cost. What steps can you take to avoid this trap?
Reclaim higher rate SDLT online
HMRC has made it easier for anyone who pays the higher stamp duty land tax (SDLT) rate to claim a refund where the conditions are met. What’s the full story?