As the dark nights draw in, plenty of businesses are planning Christmas parties or staff celebrations. These are a great way to thank your team for their hard work and end the year on a high. Some of these events can be tax free if they meet HMRC’s criteria, while others may trigger a taxable …
If you run a limited company, you will soon notice some changes to the cost of keeping your records up to date. From 1 February 2026, Companies House is increasing several of its filing fees, including the confirmation statement fee, which will rise from £34 to £50. That may come as a surprise to business owners who …
Thinking about moving your business into a limited company? Incorporation can offer tax advantages, legal protection and a more professional image, but it also comes with upfront costs, administrative changes and potential tax traps. Below, we look at the key points to consider before making the switch. What does incorporation mean? The term incorporation usually refers to …
If you’re starting a business or reviewing how your existing business is structured, one of the biggest decisions you will face is whether to trade as a sole trader vs limited company. The structure you choose can affect your tax bill, ability to get finance, personal liability, and even how your business is perceived. In …
As part of the Government’s drive to increase corporate transparency and prevent economic crime, Companies House identity verification will soon become a legal requirement for all company directors and people with significant control (PSCs). Under the Economic Crime and Corporate Transparency Act 2023, all directors and PSCs must verify their identity with Companies House. The …
Plan Your Next Move with Confidence Mergers and acquisitions (M&A) are powerful tools for growth—but without the right strategy, they can become a minefield of financial, legal, and operational challenges. Whether you’re exploring an acquisition to scale your business or considering a merger to streamline operations, it pays to be informed before making the leap. …
The Chancellor Jeremy Hunt delivered the Autumn Statement 2023 at 12.30pm today. In his statement, the Chancellor stated that following a global crisis he has made difficult decisions to get the UK economy back on track. He advised that this was an Autumn Statement for growth and to reward hard work. A total of 110 …
What does it mean for you and your business? Announced on Wednesday 21 September 2022, the government are providing a support package for businesses, which will see energy price cuts through a new Energy Bill Relief Scheme. The government will provide a discount on wholesale gas and electricity prices for all UK businesses. The scheme …
A tax efficient salary and dividends are how many directors of owner managed businesses choose to pay themselves. Many directors structure their remuneration this way is to maximise tax efficiency by minimising the tax payable on the money they withdraw from their company. What’s the Most Tax Efficient Director’s Salary in 2021/22? Sole directors – …
The Super Deduction – a new enhanced tax relief for companies introduced from 1 April 2021. The Super Deduction introduced 1 April 2021 until the end of March 2023 enables companies to claim 130% tax relief (through capital allowance) on qualifying plant and machinery expenditure. This is exciting news as it offers a significant tax …
The Chartered Institute of Taxation
The Association of Taxation Technicians
