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Are directors' loans a good cash flow strategy or just another tax trap?

Discover the pros and cons of directors loans. Boost cash flow or risk HMRC attention. Use cautiously for success ...

Salary or Dividends: Optimising Income for Directors

Optimising income for directors: Find the balance between salaries and dividends while navigating tax changes. Improve your remuneration strategy ...

Should Directors Use Salary Sacrifice To Reduce Income Tax And National Insurance?

Discover how salary sacrifice to reduce tax helps directors cut NI, boost pensions, and streamline payroll ...

UK Unveils Amnesty For Covid Loan Debtors: Your Last Clean-Slate Chance

The UK's new amnesty for Covid loan debtors lets you repay quietly before tougher sanctions arrive ...

Understanding The 10-Year Charge On Trusts Without The Headaches

Understand the 10-Year charge on trusts, how it's calculated, deadlines, and how to stay compliant with HMRC ...

HMRC Pension Relief Crackdown: What Higher-Rate Taxpayers Need To Know

HMRC pension relief crackdown: tighter checks, no phone claims, evidence needed for higher rate taxpayers from Sept 2025 ...

HMRC Taking A Good Look At Savvy Online Sellers

Online sellers react to HMRC's new data sharing initiative to tackle tax evasion. Mixed reactions from online sellers ...

Why Inheriting A Pension Could Become Painfully Taxing

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Rethinking Taxation: The Case for Taxing Income from Wealth, Not Work

Taxing income from wealth gains traction in UK, shifting focus from work. Explore the potential impact of this fiscal policy alternative ...

HMRC Warns Against Stamp Duty Rogue Agents: Stay Vigilant!

Homebuyers are urged to be wary of rogue agents promoting fraudulent stamp duty repayment claims, following a Court of Appeal decision ...

The Ins and Outs of Employing Young People

Employing young people? Make sure to follow age restrictions for individuals under 18. Learn more about child labour laws ...

Unpacking the Property Tax Advantages of Being Married

Maximize property tax advantages with marriage. Transfer assets and allocate income wisely to minimize tax liabilities ...

Exploring Alternatives to a Wealth Tax: Practical Solutions for Raising Revenue

Explore potential wealth tax strategies for the UK, including Capital Gains Tax reforms and Inheritance Tax simplifications, to increase revenues ...

300 for Non-Disclosure

UK crypto-investors face new regulations in 2026 under the OECD Cryptoasset Reporting Framework. Avoid penalties by disclosing transactions ...

Understanding Side Hustle Taxation: Essential Tips from HMRC

Stay on top of side hustle taxation with HMRC guidelines. Register and file a self-assessment tax return for earnings over £1,000 by January ...

The Dangers of Raising Capital Gains Tax Rates at the Autumn Budget

Capital gains tax is under scrutiny as the Chancellor considers potential hikes to fill budget gaps, but such moves could backfire on economic growth ...

Tax Freedom Day Falls Three Weeks Later in 2025

Tax Freedom Day in 2025 has shifted to 12 June, signaling a concerning trend. Explore strategies to bring yours closer ...

Unlock Extra Income with the Rent A Room Scheme

Earn up to £7,500 tax-free with the Rent A Room Scheme. Perfect for homeowners or renters looking for extra income ...

How VAT on Private School Fees Triggered a 22.6% Rise in Education Costs

VAT on private school fees causes 22.6% increase in costs. Enrolment declines raise concerns for future of private education ...

442k Inheritance Tax Case

A recent case challenged HMRC's view on trust benefits in inheritance tax matters, highlighting complexities in tax law ...

Maximising Tax Relief on Pensions

Tax policy changes can impact individual financial planning. Strategic pension contributions can mitigate these effects ...

The Future of Small Pension Pots

The landscape of retirement savings in the UK is changing, especially concerning small pension pots ...

475K

Few events are as nerve-wracking as encountering unexpected tax demands following a significant purchase ...

More Than 1.1 Million Savers Affected by New Tax on Savings

More than 1.1 million savers across the country have been impacted by a burgeoning tax on savings ...

The Perils Of Gifting Cash To Your Children

Gifting cash for a property purchase is a common way parents support their offspring in securing a home ...

Do You Need To Make A Voluntary Disclosure To HMRC?

With the introduction of new computer systems, it is increasingly difficult to keep things hidden from HMRC ...

Time is Running Out to Top Up Your State Pension

As individuals approach their retirement years, the importance of a robust financial plan becomes paramount ...

Writing Life Insurance in Trust Can Benefit Your Estate

Inheritance Tax (IHT) is a complex and often daunting subject for many individuals and families ...

ATED: Annual Tax On Enveloped Dwellings Deadline

Are you due to submit your Annual Tax on Enveloped Dwellings (ATED) soon? You may need to even with no tax due ...

Don't Miss Out on Your Tax Free Allowances

As the final weeks of the 2024-25 tax year approach, taxpayers are aware of an impending deadline: the 5th of April ...

Many Electric Vehicle Owners Unaware of Looming Road Tax

EV ownership is set to undergo a transformation. Many EV owners are oblivious to a looming road tax bill ...

Understanding Deeds of Variation

Dealing with the loss of a loved one is never easy, especially when coupled with the complexities of managing an estate ...

Inheritance Tax: Understanding Double Taxation Risks for Pensions

The recent announcement of pensions and Inheritance Tax has significant implications for your financial planning ...

HMRC: Important Updates on Disguised Remuneration

HMRC knows that navigating the complexities of taxation concerning the Loan Charge can feel overwhelming ...

Understanding HMRC's Compliance Priorities For 2025

The fiscal landscape continues to shift under the new government, and HMRC will ramp up its investigations in 2025 ...

HMRC Encourages Voluntary Disclosures for RandD Tax Relief Over-Claims

There are concerns about inaccuracies with RandD tax relief claims, so HMRC has launched a new disclosure service ...

HICBC: A Guide for Separated Families

During separation, one financial aspect that often goes overlooked is the High-Income Child Benefit Charge ...

Wishing You All A Very Merry Christmas

With most of us finishing for the holidays this week, I thought I'd join the festivities and let you have some tax trivia ...

A Strategic Approach to Cost Management Using Salary Sacrifice

The increase in employers' national insurance contributions means it is crucial to explore salary sacrifice ...

Double Cab PickUps Are Still Vans And Not Cars!

Double cab pickups have long been a popular choice for many businesses, especially in farming and construction ...

HMRC: Timely compliance is crucial for landlords

In a recent advisory, HMRC emphasised the importance of compliance for landlords with unpaid tax ...

Navigating the complexities of changing CGT rates

The changes in CGT rates, as announced in Labour's first Budget, demand attention from business owners ...

RandD Tax Relief: Common Pitfalls And How To Avoid Them

The RandD tax relief scheme encourages innovation and supports businesses that undertake qualifying activities ...

64k In MDR

The case of Shine Business Limited serves as a cautionary tale for those seeking Multiple Dwellings Relief ...

A Closer Look At Possible National Insurance Changes

Significant discussions have emerged around a potential hike in employers' National Insurance contributions ...

Address Any Missing National Insurance Contributions Soon!

Individuals have just six months to address any missing NI contributions that affect their State Pension ...

Anticipating Increasing Employee Costs In The Budget

As the upcoming Budget approaches, attention is shifting towards the potential impacts on employee costs ...

Could You Be Eligible for a State Pension Increase?

Did you know that you may be entitled to a state pension increase? This increase is available for carers ...

High Earners in the UK May Need To File A Tax Return

HMRC is writing to high earners querying whether they need to submit a tax return for the 2021/22 tax year ...

EIS and VCT Extension Has Been Confirmed

The government has confirmed that the EIS and VCT schemes have been extended until 2035 ...