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Did you know you may be eligible for tax relief on professional fees and subscriptions? If your membership is required ...

Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax relief is capped at 20% ...

When selling a business, the Transfer of a Business as a Going Concern (TOGC) rules can allow the transaction to ...

If you are self-employed as a sole trader or a partner in a business partnership, you are required to maintain ...

When selling assets on which capital allowances were claimed, you may need to adjust your taxable profits with a balancing ...

If you're self-employed, lenders may require an SA302 and tax year overview as proof of earnings for mortgages or loans ...

For small business owners, especially those operating as sole traders or in partnerships without limited liability, having adequate business insurance ...

Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. The world is unpredictable, and ...

Group relief helps reduce the overall Corporation Tax of a group of companies by allowing them to share losses. For ...

Self-employed individuals earning £12,570 or more annually must pay Class 4 National Insurance Contributions (NICs). For 2024-25, rates are 6% ...

Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or civil partner. To qualify, one ...

Businesses owing over £2.3 million in VAT annually must make advance payments on account. These are based on the previous ...

From April 2025, Child Benefit increases to £26.05 for the eldest child and £17.25 for others. Payments stop after a ...

The Government-backed Start-Up Loans scheme offers unsecured loans of £500 to £25,000 per person (up to £100,000 per business) to ...

A Tribunal has ruled that a deputy security manager was unfairly dismissed, despite performing “no prescribed tasks” while ‘working from ...

The Online Accounts and Company Tax Return (CATO) service is scheduled to close on 31 March 2026. ​ This service ...

Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. The world is unpredictable, and ...

1 April 2025 - Due date for corporation tax due for the year ended 30 June 2024. 19 April 2025 ...

A salary sacrifice scheme lets employees swap cash salary for non-cash benefits, saving tax and National Insurance. But earnings must ...

Using business goods instead of selling them is usually VAT-free, but some cases require VAT payments. These "taxable self-supplies" include ...

If your spouse or civil partner has passed away, you may inherit part of their State Pension, depending on when ...

Renting out part of your home may affect Capital Gains Tax when you sell. While Private Residence Relief applies, Letting ...

From April 2025, the Capital Gains Tax rate on Business Asset Disposal Relief rises from 10% to 14%, increasing to ...

A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a capital loss without selling. This ...