Blog
What records do I need to keep?
Keeping Record How long do I need to keep records The first lesson on keeping records is have a filing system – there is [...]
What does MTD mean for me?
Making Tax Digital for Income Ta What is MTD? MTD, stand for Making Tax Digital. What HMRC mean is that they want you to [...]
What taxes can I expect on me and my company
How the UK tax system works for you and your company For your Company Your company conducts a trade or profession. It takes in [...]
What’s in the Autumn Budget 2025
Autumn Budget 2025 The chancellor presented her budget on 26th November. The content includes loads of small, complicated changes - however here are the [...]
What taxes do I pay when taking money out of my company?
Withdrawing Funds from your Company If you have a company, and it has made you money, then you will eventually want to take that [...]
What time off do I have to give my employees and who pays?
Statutory Pay & Leav Here is a quick run down of what employees may be entitled to, as of right – do As an [...]
Spring Statement
The Chancellor did not use her Spring Statement on 26th March 2025 to announce any of the usual tax changes but that does not [...]
Getting a Windfall or Bonus
Windfall or Bonus? If you are in the nice position of being offered or receiving a windfall or bonus, then you may think it [...]
Autumn Budget 2024
The chancellor has announced her budget – to raise £40 billion in taxes – and it looks as if the majority of that is [...]
Dividends – What are they and how do they work?
Dividends Dividends are a reward to investors for investing in a company. The investor buys a share in a company, either from that company [...]
What are my responsibilities as a Company Director ?
Directors Duties Directors’ duties have now been written into law so let us review the position and those duties. Firstly, directors are appointed by [...]
Who Should Tell when I move House ?
Moving House When you move house there are various people you must inform and potential penalties for not doing so. Hence the first recommendation [...]
Should I get a company car ?
Company Vehicles Should I provide a company car? A company or other business can provide a vehicle to an employee to use personally – [...]
What Does the 2024 Budget mean to you
Spring Budget 2024 The Chancellor presented his spring budget, here is a summary of the few tax changes announced. Tax Rate Headline Changes For [...]
Taking on a Worker
Do they count as self-employed, or should I put them on the payroll? A quick reminder about employing staff, or subcontractors in your business. [...]
Do they count as self-employed, or should I put them on the payroll?
Taking on a Worker A quick reminder about employing staff, or subcontractors in your business. If you are paying someone direct to work for [...]
Do I need to tell the tax man what I have made?
Selling Onlin HMRC have for several years had the authority to collect information from credit card processing companies in order to check income being [...]
New VAT & PAYE Penalties
HMRC introduced new VAT and PAYE penalties in January 2023, and these will shortly start to build up for recurrent defaults. VAT – Late [...]
Autumn Statement 2023 Highlights
The Chancellor has announced some reforms – “cutting taxes and rewarding hard work” Employees/Payroll The basic rate of employees national insurance, for earnings [...]
How do I work out how many associates my company has?
Associated Companies A company’s corporation tax thresholds and rates from 1st April 2023, as well as employment allowance, are affected by the number of [...]
Will I get a state pension?
National Insurance Record for State Pension During your working life you earn credits towards state benefits – specifically a State Pension. There are lots [...]
