Will increased capital gains tax (CGT) mean less tax gets paid? Source HMRC The Labour Party’s 2024 manifesto said, ‘We will not increase National Insurance, the basic, higher, or additional rates of Income Tax, or VAT.’ The absence of any […]
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Tips and troncs – what does it mean for your business?
Since July, it has been illegal for employers to withhold tips from staff.
Can you spot a fake HMRC letter?
The latest scam highlighted by HMRC is rather ‘old school’, involving letters posted to companies instead of the more usual digital communication.
Dividend allowance cut doubles taxpayers
With the dividend allowance now cut to just £500, the number of taxpayers paying tax on dividend income for 2024/25 is expected to be double what it was three years ago.
Spotlight on a City Centre Business: Elizabeth Bandeen – Massage Therapist Glasgow.
City centre businesses are currently facing tough challenges due to the pressures of LEZ regulations, bus gates, parking charges, and the ever-changing ScotRail timetable. Yet, clients like the tenacious Elizabeth Bandeen continue to adapt and thrive. This latest client spotlight […]
HMRC launches VAT registration estimator
HMRC has launched a new digital tool to help businesses estimate the potential impact of their VAT registration.
New tax plans target private schools and social care
Chancellor Rachel Reeves has announced new tax measures impacting private schools and social care.
Caught in the 60% tax trap?
The number of taxpayers caught in the 60% tax trap has increased by nearly 25% over the past year.
Opening the books – the government’s spending inheritance…
The date of the next Budget has been announced, accompanied by the new Chancellor’s warning about government finances.
Class 4 NIC reductions benefit the self-employed
Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year
Sales suppression one-to-many letter
HMRC has launched a campaign of one-to-many letters given its increasing concern surrounding the electronic suppression of sales (ESS).
Digital invoicing could prevent invoice fraud
Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.