Tax

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 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

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

  Crypto's come a long way since its niche beginnings.

In the past, HMRC (taxman) wasn't sure if replacing your old boiler counted as a tax deductible expense. But guess what? They've changed their minds!

If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses.

Ever feel a bit frustrated when you pay your taxes on time, knowing some people might not be doing the same?

When calculating your profits, expenses are deductible to the extent that they are incurred wholly and exclusively for the purposes of the business.

Starting a business is exciting, but it can also come with a mountain of pre-launch expenses.