Posts Tagged: bookkeeping

Inside HMRC’s Bold Plan to Catch the UK’s Biggest Tax Dodgers

Whistleblower

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 »

Making Tax Digital for Landlords

Landlords

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 »

Limited Companies Claim These Expenses

Expenses

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 »

Salary and Dividends Strategy for Company Directors in 2025/26

Salary, Dividends

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 ever. We’ve broken down the most tax efficient approaches into two income brackets to help… Read more »

Divorced and Taxed Twice?

Divorced Tax

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 v HMRC case. If you’re separated and own property, this is one tax trap you… Read more »

Pass on Your Wealth Without Giving to HMRC

Wealth HMRC

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 another chunk of your estate to HMRC can feel like insult to injury. If you… Read more »

How the Wealthy Are Quietly Beating Inheritance Tax

Wealthy Inheritance Tax

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 lesser-known alternative is gaining ground. Family Investment Companies (FICs) instead offer a compelling route that… Read more »

Most Limited Companies Miss This £10k Allowance

Limited Companies Allowance

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 payroll, this significant benefit could pass you by entirely. However, with one small tweak to… Read more »

Making Tax Digital – You Are Affected
Urgent Action Needed

Making Tax Digital

HMRC has now confirmed the official rollout date for the next phase of Making Tax Digital for Income Tax Self Assessment, and if you earn over £50,000 through self-employment or property, it’s time to prepare. With over 1.75 million taxpayers facing sweeping changes by 2028, this isn’t just an upgrade, it’s a complete overhaul of… Read more »

How Crypto is Taxed in the UK

Crypto Tax

Crypto might feel like the future, but when it comes to tax, HMRC is already playing catch-up, and winning. With more individuals trading, mining, and earning in digital currencies, understanding the UK tax rules has never been more important. Whether you’re holding tokens or flipping altcoins, knowing the tax implications can save you a lot… Read more »