Business

Don't assume your state pension is fully topped up even if you have been employed or self-employed.

This is the first in a series of updates for Making Tax Digital (MTD)

Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on account for 2024/25

If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to an end

Here are some useful things to know for UK freelancers and small businesses over the festive period:

The VAT default surcharge is being replaced with a new VAT penalty and interest regime.

The UK government offers a £1,000 property allowance, meaning you don't need to pay tax on that income or even declare it to HMRC

Here's a quick overview of the Autumn 2024 Budget.

Working from home has become the norm for many, and with that comes the opportunity to claim tax relief on certain expenses.

HMRC commonly find errors in relation to directors’ loan accounts when making routine reviews of company tax returns.