Latest News
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Chancellor set to tone down non-dom reform?
Domicile will no longer be a relevant factor in an individual’s tax status from April 2025. However, reports are suggesting that the Chancellor is going to soften the blow for those affected. What’s going on?
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HMRC relaxes MTD rules for joint property owners
New HMRC guidance confirms two MTD easements for joint property owners, but a third previously available to self-assessment users is missing. What do you need to know?
Newsletters
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Can you ban second jobs?
South Cambridgeshire District Council launched a four-day working week trial in 2023, but it has now transpired that 16% of employees have taken on other paid work during their extra day off (although some of these already had second jobs before the trial). Can you ban employees from taking on second jobs?
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Are employer pension contributions still worth it?
Does the potential inheritance tax (IHT) charge on pensions that will apply from April 2027 mean that employer pension contributions are a tax break of the past, or are they still a winner?
Monthly Focus
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MONTHLY FOCUS: INTRODUCING MAKING TAX DIGITAL FOR INCOME TAX SELF ASSESSMENT (MTD ITSA)
The move to MTD ITSA involves many changes regarding digital record keeping, plus new reporting and admin requirements for all businesses to which it applies. This month's focus guides you through what to expect from MTD ITSA and how to tackle the issues it will throw up.
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MONTHLY FOCUS: RESEARCH AND DEVELOPMENT TAX CREDITS
Corporation tax incentives for expenditure on qualifying research and development (R&D) have been very generous historically, particularly for small and medium enterprises (SMEs). However, the rules are complex and have been subject to a multitude of changes in recent years. In this Monthly Focus we will look at the way relief for SMEs is accessed, especially with the 2024 introduction of a "merged" scheme.
Practical Guides
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IHT opportunities for non-domiciles from 2025
The 2024 Autumn Budget saw confirmation of the intricacies of inheritance tax (IHT) reform which will be based on residence from April 2025. Who are the winners and losers and what action should you be taking if you're affected??
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Tax-efficient exit planning for owner managers
You are the sole director and shareholder of a trading group. You are planning to retire in the near future, and are looking at succession planning options. What different things could you look at?
Tools and Calculators
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Income tax calculator
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward. Our calculator can be used to work out your income tax liability, and can be used where you receive any combination of earnings, savings income, dividends and most other types of income. It will also calculate any adjustment required to finance costs relating to letting income.
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Company car capital contribution calculator
A company car is taxed according to its list price. This can be reduced if you make a capital contribution towards the purchase of the car. This calculator shows you how much tax could be saved.