Pensions have long been promoted as one of the most tax-efficient ways to save for retirement and pass on wealth. But from April 2027, that advantage will vanish. Under new rules, pensions will be treated as part of your estate for Inheritance Tax (IHT), potentially attracting a 40% tax charge. Combined with income tax on… Read more »
If you’re an influencer, receiving freebies might feel like part of the job. From designer handbags to luxury holidays, it can seem like easy perks for a bit of content. But if you’re not careful, these so-called gifts could land you with an unexpected tax bill. HMRC is now keeping a close eye on online… Read more »
Many believe that Making Tax Digital (MTD) is just another fleeting government initiative. But while it might seem like something you can ignore, the reality is quite different. MTD is very much here to stay, and HMRC has no intention of scrapping it. So, the question becomes not whether you should comply, but whether you… Read more »
For directors of limited companies, there’s one financial pothole that’s often underestimated until it causes serious damage: the Director’s Loan Account. While it may seem like a convenient method to draw funds from your own company, misunderstand its rules and you could be hit with a sizeable tax bill. (Read Time: Approx. 4 minutes) Topics… Read more »
Receiving a letter from HMRC can feel daunting, and how you respond can shape how long and how deep the enquiry becomes. Even with nothing to hide, oversharing can drag matters out. Knowing what is required and where the legal boundaries lie is essential. (Read Time: Approx. 4 minutes) Topics Discussed: Why Giving More Than… Read more »
When you thought the paperwork couldn’t get any worse, HMRC is back with yet another layer of red tape for company shareholders. From the 2025/26 tax year, individuals receiving dividends from close companies will face new reporting obligations. Ignore them and it could cost you. Here’s what you need to know to stay compliant and… Read more »
Transferring valuable assets to the next generation is often a strategic part of succession planning. But when those assets have appreciated in value, doing so can come with a hefty Capital Gains Tax (CGT) bill. Fortunately, certain provisions in UK tax law offer legal ways to defer this charge, and (in some cases,) avoid it… Read more »
If you’re running a limited company, you might be paying more tax than necessary without even realising it. Whether you’re a sole director or managing a growing team, the same costly mistakes crop up time and again. The good news is that most of these issues can be corrected quickly with the right advice. Here’s… Read more »
During the height of the Covid-19 pandemic, the government rolled out emergency support at an unprecedented scale. While this funding helped many businesses stay afloat, it also opened the door to billions in fraudulent or mistaken claims. Now, the government is giving people a chance to come clean. A surprise announcement in September confirmed the… Read more »
For families with disabled loved ones, financial planning requires a sensitive and strategic approach. A lesser known yet incredibly powerful tool is the Disabled Person’s Trust. More than a tax-efficient structure, it is a legal vehicle to safeguard long-term financial stability without jeopardising entitlement to benefits. (Read Time: Approx. 5 minutes) Topics Discussed: What Is… Read more »
