Jo Burton, Director in our business team, looks at the Fair Payments Code and the Disability Finance Code for Entrepreneurship, that have been announced to support small businesses and enhance cash accessibility.
Given the major changes to inheritance tax (IHT) announced in the Autumn Budget 2024, we discuss key things to consider when reviewing your estate planning.
There are several significant changes to how small businesses and partnerships can prepare their accounts. We discuss the benefits of cash accounting as well as the unique needs of medical practices.
Laura Whitmore, manager in our Business team, urges anyone with a gap in their National Insurance contributions to take advantage of HMRC’s option to fill the gaps ahead of the April 2025 deadline.
Many people are surprised to learn that they need to file a tax return, especially if they pay income tax through PAYE. With the deadline to notify HMRC looming, we explain who needs to file a return.
As suspected, it appears that the Labour government plans to proceed with the changes outlined in the last Budget (presented by the Conservative government) regarding wide ranging changes to the taxation of Furnished Holiday Lets (FHLs).
With ever-changing tax rules, it’s easy to get it wrong, miscalculating your tax liabilities or omitting to file a return at all. If you realise you’ve made a mistake, what should you do?
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