With the UK’s rumour mill spinning about an impending wealth tax and uncertainty around the November budget, relocating to Dubai (or Portugal, Malta, and other low-tax destinations) is starting to look appealing for many. However, it isn’t just a question of hopping on a plane. If you don’t plan it properly, you could still find… Read more »
As accountants, we’re always on the lookout for ways clients can make more tax-efficient decisions, especially directors running their own limited companies. This week, we were asked a great question by a client that turned into a surprising and insightful numbers exercise. She wanted to know whether her company could pay for her £4,000 laser… Read more »
Your pension, which you’ve carefully built over a lifetime, could soon be caught in the net of inheritance tax. With sweeping changes due to hit in April 2027, families with even modest estates could be left facing tax bills that wipe out a significant portion of their wealth. (Read Time: Approx. 5 minutes) Topics Discussed:… Read more »
From the 18th November 2025, all UK company directors, Persons with Significant Control (PSCs) and certain individuals filing at Companies House will be legally required to submit ID verification. With unlimited fines and potential disqualification for those who ignore the rules, early preparation is essential to avoid disruption and penalties. (Read Time: Approx. 6 minutes)… Read more »
Even if you’re not an accountant, grasping the basics of VAT can transform how you price your services and manage your finances. This concise guide lays out the essentials: the three VAT rates, who must register, and how to choose the right accounting scheme. (Read Time: Approx. 4 minutes) Topics Discussed: VAT Rates and Typical… Read more »
Helping children or grandchildren onto the property ladder by gifting property sounds like a generous, forward-thinking move. But without proper planning, you could end up facing avoidable tax liabilities. Whether it’s your home, a rental property, or an additional asset, here’s what you need to consider before making that gift. (Read Time: Approx. 5 minutes)… Read more »
For those with significant wealth, planning for inheritance tax is no longer optional. With increasing scrutiny from HMRC and rising estate values, more high-net-worth individuals are looking for effective ways to preserve family wealth. One solution gaining traction is the Family Investment Company: a tool that allows wealth transfer without relinquishing control. (Read Time: Approx…. Read more »
HMRC is stepping up its fight against tax evasion in a bold new way. Later this year, a reward scheme will be introduced to pay whistleblowers who report serious tax fraud. Inspired by successful models internationally, this move is expected to shake up how tax evaders are uncovered in the UK. (Read Time: Approx. 4… Read more »
Digital tax reporting is no longer a distant concern for landlords. It’s coming, and sooner than many expected. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will begin rolling out from April 2026, and with mandatory software, added costs, and new compliance pressures, landlords must start preparing now or risk being caught off… Read more »
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 this blog, we explain what “wholly and exclusively” really means in the eyes of HMRC… Read more »
