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The NIC Employment Allowance
The Employment Allowance benefits eligible employers by reducing their National Insurance liability. The current allowance is £5,000. An employer can
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When you cannot use the Property or Trading Allowances
Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both types
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Responding to a personal data breach
The Information Commissioner’s Office has a simple guide that explains what you need to do in the 72 hours following
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The new Chancellor’s first speech
The Chancellor has promised to take immediate action to fix the foundations of the economy, rebuild Britain and make every
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Are mega sized marshmallows zero-rated?
In the UK most basic food stuffs are zero rated. However, the definition of 'basic' is not straightforward and many
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Business VAT responsibilities
The taxable turnover threshold that determines whether businesses should be registered for VAT is currently £85,000. Businesses with turnover below
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Restarting a dormant company
HMRC must be informed when a non-trading or dormant company restarts trading and becomes active for Corporation Tax purposes. Companies
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Company filing obligations
It is important that anyone responsible for the accounts and tax filing regime for private limited companies is aware of
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Inheritance and tax
As a general rule, an individual who inherits property, money or shares is not liable to pay tax on the
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Labour win landslide election result
As had been widely predicted, the results at the polls have seen the Labour Party back in power after 14
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Exit plans
Exit can be seen as quitting, especially if the exit discussed is your business interests. But actually, business exit planning
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New government
Our new government, and in particular, Rachel Reeves, the new Chancellor, will be responsible for raising the funds that our