It may seem counter-intuitive, but taking a pay cut and opting for a salary sacrifice scheme with an electric car can boost take-home pay thanks to tax and national insurance contribution (NIC) savings.
Have you gotten a surprise tax bill lately, even though your income hasn't changed much? You're not alone.
Haven't submitted your self-assessment tax return for the 2022/23 tax year? You're not alone, but be warned: daily penalties are now in effect.
New data reveals a significant increase in the number of people paying higher-rate income tax in the UK. This trend is likely to continue due to a government policy of freezing tax thresholds.
Despite a recent capital gains tax (CGT) rate reduction, many buy-to-let landlords are facing a higher CGT bill compared to just two years ago.
HMRC's recent guidance clarifies what training expenses self-employed individuals can claim on their tax returns. Here's the breakdown
Not all businesses are required to register for VAT. However, registration becomes mandatory if your business meets specific criteria
The UK government has unveiled its Spring Budget, likely the last before the upcoming general election. As expected, it focused on tax breaks to woo voters, but also included some surprises.
Taxpayers beware! HMRC is ramping up its checks on two key fronts, focusing on undeclared dividend income and capital gains from share disposals.
The cost of starting and maintaining a company in the UK is set to increase from 1 May 2024, due to a fee hike by Companies House.
If you are a higher rate or additional rate taxpayer (you are earning in excess of £50,270 a year) you could be missing out on tax relief on your pension contributions.
The way you structure your business can significantly impact how you're taxed and the legal responsibilities you shoulder. Here's a breakdown of the most common structures.
