Information is always key and having the right information is what we are all about. You’ll find below a selection of the latest business and tax information that you should be aware of as well as helpful advice to get you started. Please contact us if you have any questions.
🩺 Introduction If you’re working as a locum doctor, dentist, or healthcare practitioner, chances are you’ve heard of IR35 often followed by confusion, concern, or conflicting advice. But what does IR35 actually mean for your career, your contracts, and your income? In this blog, we’ll break down IR35 in plain English, explain how it applies
Staying on top of your business finances is essential but managing invoices, expenses, VAT, payroll, and tax returns can take up valuable time you could spend growing your business. Thankfully, in 2025, accounting software has become smarter, more connected, and more intuitive. Whether you’re a sole trader, freelancer, or managing a growing team, the right
If you’re planning to sell your business, act fast. From April 2025, the tax benefits of Business Asset Disposal Relief (BADR) are reducing and from April 2026, they’ll shrink even more. Whether you’re selling a trading company or winding down a business, BADR can offer significant Capital Gains Tax (CGT) savings – but the rules
You’ve built a great agency but what’s really going on behind the scenes? You’re landing clients, your team’s expanding, and the work’s coming in fast. From the outside, business looks good. But behind the scenes, you’re not quite sure where the money’s going, what you can afford next, or how to plan ahead. If you’re
From 6 April 2025, some important changes to Class 1 National Insurance Contributions (NICs) and the Employment Allowance will come into effect. These updates will affect employers across the UK, so it’s vital to understand what’s changing and how it might impact your business. Let’s break it down in plain English. What’s Changing? 1. Lower
Key Changes Impacting Individuals, Businesses, and Investors On 30 October, the Chancellor revealed the Autumn Budget for 2024, introducing some sweeping changes across personal and business taxes. From personal income adjustments to new rules for foreign-domiciled individuals, these changes impact everything from your income and investments to business expenses and property. Let’s break down the
Understanding Family Investment Companies (FICs): A Tax-Efficient Way to Preserve Wealth Family Investment Companies (FICs) have gained significant popularity in the UK as a vehicle for wealth preservation, estate planning, and tax efficiency. This article explores what FICs are, their benefits, and considerations for families looking to establish one. What is a Family Investment Company?
Self-employed or a freelancer offers the freedom to set your own schedule and be your own boss, but it also comes with responsibilities, especially when it comes to taxes. Navigating the complexities of tax filing can be daunting, but with the right strategies, you can manage your tax obligations effectively and even save money. Here
If you’re a contractor or subcontractor operating in the UK’s construction sector, you’re likely familiar with the Construction Industry Scheme (CIS). One of the most beneficial opportunities under CIS is obtaining Gross Payment Status (GPS). But how exactly can your business qualify for this valuable status? In this blog, we’ll break down the steps you
Introduction The Construction Industry Scheme (CIS) was introduced by HM Revenue and Customs (HMRC) to ensure proper tax collection from payments made to subcontractors. Within this framework, one of the most beneficial statuses a construction business can achieve is the Gross Payment Status (GPS). This blog post aims to demystify the CIS and GPS, outlining
Managing finances is a critical aspect of running a small business. Keeping track of income, expenses, invoices, payroll, and taxes can quickly become overwhelming without the right tools. Fortunately, accounting software can help simplify these tasks, making it easier for business owners to stay organized and compliant. In this blog post, we will explore some
The Spring Budget 2024 brought several important UK tax changes that will impact small businesses across the country. From National Insurance cuts to new compliance requirements, understanding these changes is essential for staying compliant and maximising savings. In this blog, we explore the key tax updates and offer actionable steps to help your small business
