LATEST NEWS

Transferring unused IHT residence nil rate band
The Inheritance Tax residence nil rate band (RNRB) is a transferable allowance for married couples and civil partners (per person)
Directors and National Insurance
Directors are classed as employees and pay National Insurance on annual income from salary and bonuses that exceed the Primary
Statutory Pay assistance
An employer can usually reclaim 92% of employees’ Statutory Maternity, Statutory Paternity, Statutory Adoption, Statutory Parental Bereavement and Statutory Shared
Need to register for self-assessment?
There is an online tool, developed by HMRC, that allows taxpayers to check if they need to notify HMRC about
Setting up as a sole trader
Setting up in business as a sole trader is arguably the simplest way of starting and running a business. The
Filing your tax return early
The 2023-24 tax year ended on 5 April 2024 and the new 2024-25 tax year started on 6 April 2024.
New protection for consumers
The Digital Markets, Competition and Consumers Act has become law after receiving Royal Assent. The Act paves the way to
Change
There is a French saying “Plus ca change, plus c’est la meme chose” meaning, the more things change, the more
Employee suggestion schemes
There are many advantages to creating an employee suggestion scheme where employees are rewarded for making suggestions that benefit your
Carry back charitable donations
If you are a higher rate or additional rate taxpayer you have the option to carry back your charitable donations
CGT Rollover Relief
Business Asset Rollover Relief also known as CGT Rollover Relief allows for deferral of Capital Gains Tax (CGT) on gains
Payback company car private fuel
Where an employee with a company car is provided with fuel for their own private use by their employers, the