Tax Tips – News from HMRC – for Entrepreneurs & Individuals
Ever wondered what expenses you can legitimately deduct in your business? There’s a lot of confusion surrounding allowable expenses, but the core principle is surprisingly straightforward. It’s also absolutely critical if you want to stay compliant and tax efficient. In
Deciding how to pay yourself as a company director has always been a key tax planning question. In the 2025/26 tax year, with frozen allowances and increased National Insurance rates, the choice between salary and dividends is more strategic than
It’s no secret that divorce can be messy: emotionally, legally, and financially. But what if a hidden tax rule meant you ended up with a bill for income you never actually wanted? That’s exactly what happened in the recent Moss
With property values soaring and tax thresholds stuck in place, more families are stumbling into the inheritance tax (IHT) trap than ever before. It’s easy to see why resentment builds. After a lifetime of paying tax, the thought of losing
Inheritance tax is no longer a concern limited to the ultra-wealthy. As government policy tightens and thresholds remain frozen, families across the UK are urgently seeking effective ways to preserve wealth. Trusts have long been the default option, but a
A new tax-saving opportunity has opened up for some limited company owners, and it’s both simple and remarkably effective. Following April 2025, the Employment Allowance has more than doubled. There’s a catch though; If you’re the sole person on your

This page is not intended to constitute tax advice. The information provided in these documents are based on our understanding of current tax law; however, we do not represent or warrant the accuracy of the information contained herein, and any information provided may be incomplete or condensed. Furthermore, the suggestions contained within this document are for discussion purposes only and should not be relied on. You should seek formal tax advice before proceeding with any of the suggestions contained in these documents.
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