HMRC’s side hustle tax campaigns
Posted by Karen Jones on February 13, 2025HMRC frequently launches side hustle tax information campaigns. If you have income from a side hustle, do you know whether you should pay tax?
Joint bank account with an elderly parent – the facts
Posted by Jon Pryse-Jones on February 12, 2025If you have a joint bank account with an elderly parent it could end up causing more problems than it solves. We explain why.
Report CGT on UK property – using paper forms
Posted by Karen Jones on January 31, 2025If you need to report CGT on UK property, you may need to use a paper form in some circumstances. We explain when the use of the paper form is appropriate.
Reducing inheritance tax – could a deed of variation help?
Posted by Ian Henman on January 20, 2025If you’re the beneficiary of a Will, a deed of variation may be useful in reducing inheritance tax payable on the estate.
Changes for landlords in 2026
Posted by Ben Locker on January 7, 20252027 sees a lot of significant changes for landlords. We look at some of the most significant changes and how they will affect you.
Can’t pay tax bill? This is what you need to do
Posted by Karen Jones on December 17, 2024Can’t pay tax bill? If you’re in this position, it’s important to act now if you want to set up a repayment plan and avoid penalties.
Pension lump sum rules
Posted by Jon Pryse-Jones on December 12, 2024If you have taken a tax-free pension lump sum and wish to return it, HMRC has confirmed that you may face penalties.
HMRC and ‘Managed Service Companies’
Posted by Karen Jones on December 3, 2024We detail HMRC’s approach regarding Managed Service Companies. It’s important that you don’t use these structures as you will face penalties.
Hire an accountant – and boost revenue by 11.5%!
Posted by Jon Pryse-Jones on November 28, 2024Research has found that, if you hire an accountant, your SME will boost revenue by an average of 11.5% – yet over 20% of firms don’t!
Limited company: Paying yourself a salary
Posted by Mark Ingle on November 28, 2024Structuring your business as a limited company can often be a good choice for the self-employed. But, when you as the business owner can set your own salary, how much should it be?
