Blog
Spotlight on Managing Cashflow for Small Businesses
Managing cash flow effectively is crucial for the survival and growth of your small business. It involves planning, monitoring, and controlling the money flowing in and out of your business to ensure you have enough cash to cover expenses and avoid...
Understanding the changes to Furnished Holiday Lettings (FHLs)
The changes to furnished holiday lettings (FHLs) announced in the Spring Budget last month are significant and could have a considerable impact. FHLs enjoy a number of enhanced tax relief rules, but these will be abolished from April 6, 2025. This means that...
Happy New Tax Year
The beginning of April 2024 has not only brought chocolate eggs, sunshine and spring flowers but also a flurry of tax changes. The tax changes 2024 / 2025 will create winners and losers, depending on how much you earn. However, with frozen allowances and thresholds...
What is Capital Gains Tax?
Capital Gains Tax (CGT) is a tax levied on the profit arising when you sell an asset, give it away, exchange it or otherwise dispose of it. It could also apply if you receive insurance when an item is lost or destroyed. CGT is charged on the profit that you...
New powers for Companies House
The Economic Crime and Corporate Transparency Act 2023 (ECCT Act) came into force on 4 March 2024 providing new powers for Companies House. Companies House, the UK’s registrar of companies, plays an important role in maintaining public records related to corporate...
The Tax-free Childcare Scheme – A helping hand for working parents
With the cost of living constantly on the rise, managing childcare expenses can be difficult for working families. Help is available in the form of the government’s Tax-Free Childcare Scheme. Under the scheme, eligible parents can open a Tax-Free Childcare account via...
A Spring Budget for long term growth (and cheap beer?)
Jeremy has been listening to his wavering constituents, but will his policies result in ‘more jobs, more investment and lower taxes?’ ‘Permanent tax cuts’ were mentioned during the speech, but is anything permanent in economics or politics? ...
Have you received a ‘nudge’ letter from HMRC?
If you have undeclared income or gains, it is always better to tell HMRC about it before they contact you. Voluntarily disclosing omitted income and gains generally leads to more favourable treatment and lower penalties, compared to when corrections are prompted...
HMRC announces simpler tax reporting
HMRC have proposed improvements to two tax reporting systems which should simplify and modernise the tax system. These are The reporting and payment of Income Tax and Class 1A National Insurance contributions on benefits-in-kind via payroll software will become...
Understanding the changes to Furnished Holiday Lettings (FHLs)
The changes to furnished holiday lettings (FHLs) announced in the Spring Budget last month are significant and could have a considerable impact. FHLs enjoy a number of enhanced tax relief rules, but these will be abolished from April 6, 2025. This means that...
Happy New Tax Year
The beginning of April 2024 has not only brought chocolate eggs, sunshine and spring flowers but also a flurry of tax changes. The tax changes 2024 / 2025 will create winners and losers, depending on how much you earn. However, with frozen allowances and thresholds...
What is Capital Gains Tax?
Capital Gains Tax (CGT) is a tax levied on the profit arising when you sell an asset, give it away, exchange it or otherwise dispose of it. It could also apply if you receive insurance when an item is lost or destroyed. CGT is charged on the profit that you...
The Tax-free Childcare Scheme – A helping hand for working parents
With the cost of living constantly on the rise, managing childcare expenses can be difficult for working families. Help is available in the form of the government’s Tax-Free Childcare Scheme. Under the scheme, eligible parents can open a Tax-Free Childcare account via...
A Spring Budget for long term growth (and cheap beer?)
Jeremy has been listening to his wavering constituents, but will his policies result in ‘more jobs, more investment and lower taxes?’ ‘Permanent tax cuts’ were mentioned during the speech, but is anything permanent in economics or politics? ...
Have you received a ‘nudge’ letter from HMRC?
If you have undeclared income or gains, it is always better to tell HMRC about it before they contact you. Voluntarily disclosing omitted income and gains generally leads to more favourable treatment and lower penalties, compared to when corrections are prompted...
HMRC announces simpler tax reporting
HMRC have proposed improvements to two tax reporting systems which should simplify and modernise the tax system. These are The reporting and payment of Income Tax and Class 1A National Insurance contributions on benefits-in-kind via payroll software will become...
IHT Exemptions, use them or lose them…
In theory, there are plenty of relatively small things you can do in your lifetime which should not adversely affect your standard of living. If you make best use of the available Inheritance Tax exemptions (IHT) over a number of years, substantial IHT savings...
The twin cab U-turn
On 12 February 2024, HM Revenue & Customs (HMRC) had updated its guidance on the tax treatment of twin cab pickups following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, twin cab pickups with a payload of one tonne or more...
Managing cash flow effectively is crucial for the survival and growth of your small business. It involves planning, monitoring, and controlling the money flowing in and out of your business to ensure you have enough cash to cover expenses and avoid... The Economic Crime and Corporate Transparency Act 2023 (ECCT Act) came into force on 4 March 2024 providing new powers for Companies House. Companies House, the UK’s registrar of companies, plays an important role in maintaining public records related to corporate... With the cost of living constantly on the rise, managing childcare expenses can be difficult for working families. Help is available in the form of the government’s Tax-Free Childcare Scheme. Under the scheme, eligible parents can open a Tax-Free Childcare account via... Jeremy has been listening to his wavering constituents, but will his policies result in ‘more jobs, more investment and lower taxes?’ ‘Permanent tax cuts’ were mentioned during the speech, but is anything permanent in economics or politics? ... If you have undeclared income or gains, it is always better to tell HMRC about it before they contact you. Voluntarily disclosing omitted income and gains generally leads to more favourable treatment and lower penalties, compared to when corrections are prompted... HMRC have proposed improvements to two tax reporting systems which should simplify and modernise the tax system. These are The reporting and payment of Income Tax and Class 1A National Insurance contributions on benefits-in-kind via payroll software will become... On 12 February 2024, HM Revenue & Customs (HMRC) had updated its guidance on the tax treatment of twin cab pickups following a 2020 Court of Appeal judgment. The guidance had confirmed that, from 1 July 2024, twin cab pickups with a payload of one tonne or more... The HMRC recently published the latest advisory fuel rates (AFR) for company car users. The rates for some petrol engines and all vehicles with diesel engines increased by 1p per mile. LPG engine rates for 2000cc plus vehicles have fallen by 1p and the advisory... If you haven’t yet made the switch to a cloud-based accounting solution, what’s holding you back? A lack of understanding? Scepticism? Concern over costs? Whatever your feeling is, digital cloud-based accounting software now has a history, having been around for a...
Spotlight on Managing Cashflow for Small Businesses
New powers for Companies House
The Tax-free Childcare Scheme – A helping hand for working parents
A Spring Budget for long term growth (and cheap beer?)
Have you received a ‘nudge’ letter from HMRC?
HMRC announces simpler tax reporting
The twin cab U-turn
Advisory Fuel Rates
Going Digital? A sensible accounting decision in 2024?
Get in touch
Phone
Find Us
9 Quy Court, Colliers Lane, Stow-cum-Quy, Cambridge, CB25 9AU