LATEST NEWS

What do we mean by profit?
When most business owners refer to business profits, they are likely to mean the difference between sales and costs, and
New employment protections
New legislation, including three Government backed cross party Acts, came into force from 6 April 2024. Pregnant women and new
Measures to support household budgets from 1 April
In a recent press release the government confirmed the following policies to support household incomes from 1 April 2024. The
To register or not to register
In the recent Spring Budget, the VAT registration threshold was raised to £90,000 (previously £85,000) which means that smaller businesses
Tax-free mileage expenses
If you use your own vehicle for business journeys you may be able to claim a tax-free allowance from your
Online check how to import or export goods
HMRC has a useful online tool to help UK business owners check how to import or export goods. This online
Restarting a dormant or non-trading company
HMRC must be informed when a non-trading or dormant company starts trading and becomes active for Corporation Tax purposes. Companies
Claim tax relief if working from home
If you are an employee who is working from home, you may be able to claim tax relief for part
Claim tax relief on pension contributions
You can usually claim tax relief on private pension contributions worth up to 100% of your annual earnings, subject to
More about emergency tax codes
The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance. The
Entitlement to carer’s allowance
Carer’s credit is a National Insurance credit that can help carers to fill gaps in their National Insurance record. Carers
Rent a Room Scheme – another income stream
The rent-a-room scheme is a set of special rules designed to help homeowners who rent-a-room in their home to create