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Electric vehicles can boost income with salary sacrifice

It may seem counter-intuitive, but taking a pay cut and opting for a salary sacrifice scheme with an electric car

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Daily penalties come in for late Self Assessment returns

Around 1.1 million taxpayers who failed to submit the Self Assessment tax return for 2022/23 on 31 January 2024 now

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The cost of a incorporating a company increases

The fees associated with incorporating and maintaining a company will rise from 1 May 2024, due to an increase in

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Companies House reform brings tougher company checks

Companies House is introducing wide-ranging reforms – subject to new legislation being in place – from 4 March 2024. Directors

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NIC reforms for the self-employed

National insurance contribution (NIC) changes for the self-employed announced in the Autumn Statement come in from 6 April 2024 and

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Tax Facts 2023/2024

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Profit withdrawal changes for 2023/24

Owner-managers have historically benefited by withdrawing profits by way of dividends, rather than taking director’s remuneration, due to the national

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Making Tax Digital delayed once more

With the self-employed and landlords facing a challenging economic environment, the government has again delayed the introduction of the Making

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17 October 2022: ‘The Growth Plan’ – a further update

At 6.00 am on Monday 17 October, the Treasury issued a press release announcing that the (new) Chancellor, Jeremy Hunt,

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