Tips And Advice

ALL THE INFORMATION YOU NEED TO GET STARTED

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.

Business

Changes to Class 1 National Insurance Contributions (NICs) and Employment Allowance from 6 April 2025: What Employers Need to Know

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

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Tax

Autumn Budget 2024: What the Changes Mean for You, Your Business, and Your Future

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

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Family Investment Company
Tax

A Tax-Efficient Way to Preserve Wealth

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?

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succession planning
Accounting

Essential Tax Tips for Self-Employed and Freelancers

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

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Accounting

Best Accounting Software for Small Businesses in 2024

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

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Accounting

Locum and Self-Employment Tax Issues

Working as a locum doctor offers the flexibility and variety that many medical professionals find appealing. However, this career choice also brings a unique set of financial challenges, particularly when it comes to taxes. Understanding these issues and how to navigate them can significantly impact your financial health. In this article, we will explore how

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Accounting

What Are the Top 3 Business Structures for Digital Content Creators and Their Tax Implications?

As a digital content creator, choosing the right business structure is crucial for both legal protection and tax efficiency. In the UK, the three most common business structures are Sole Trader, Limited Company, and Limited Liability Partnership (LLP). Each structure has unique advantages and implications for your tax responsibilities. This article explores these business structures

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Accounting

The 15-Minute Financial Workout:

Quick Exercises to Keep Your Business Financially Fit and Agile Welcome, financial fitness enthusiasts! In the dynamic world of business, maintaining peak financial health is not just a goal; it’s a continual effort. Today, we’re excited to guide you through a comprehensive series of quick and impactful exercises designed to keep your business in top-notch

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Tax

Tax Tale: The Untold Financial Benefits of Golf Networking Dinners

Golf, often hailed as the sport of business, goes beyond the greens when it comes to networking. In this tax tale, we unravel the untold financial benefits hidden within the world of golf networking dinners. The Common Perception For many, a golf networking dinner might seem like a pleasant but straightforward social event. However, beneath

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