Business News

For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But before entering into any gifting arrangement, it is important to […]

If you own a small business and are also a shareholder director, you may be wondering whether to take a salary or dividends. When it comes to paying yourself, there […]

Keeping on top of your business’s financial health is critical to its success. A great place to start is by understanding what a balance sheet is and what it can […]

A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are applied, as well as how interest is calculated and paid. […]

The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to […]

Companies House has gone fully digital after the announcement of the closure of its office in London and all filing being transferred online. It has also permanently shut the public […]

Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the […]

Planning for the future is essential when running a business and, ideally, you should have a perspective of where you want to be in three to five years. Goals or […]

Millions of new taxpayers will be created by the extended freeze on the income tax thresholds.   In the Autumn Statement, the Government froze the thresholds until 2028 – two […]