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Submit your Tax Return early to avoid the January rush
[email protected] rarely feels urgent until January suddenly arrives. For many, tax returns sit quietly on the to do list while more immediate priorities take over. Running a business, managing staff, travelling for work, family commitments and day to...
Tax Relief on Partners Personal Expenses
[email protected] If you are a partner in a law firm or LLP, you will already be familiar with the difference between drawings and taxable profit. What is often less clear is how expenses paid personally should be dealt with for tax purposes. We regularly...
Dividend Tax Changes for Business Owners: What You Need to Know
Spring Statement Summary 2026
[email protected] [email protected] The Chancellor held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget) and so the Spring Statement was intended to provide an interim update on the economy...
Government Announce Inheritance Tax Changes to APR and BPR
[email protected] Government has confirmed further changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) following the November Budget. These updates will be included in the Finance Bill next month and will affect Inheritance...
Autumn Budget: Changes to EOT Tax Relief
[email protected] On 26th November 2025, Chancellor Rachel Reeves delivered her Autumn Budget Statement. She announced a reduction in Capital Gains Tax relief available on qualifying disposals to employee ownership trusts from 100% of the gain to 50%. This will be...
EOT Tax Benefits
Employee Ownership Trust Tax Benefits An Employee Ownership Trust (“EOT”) is a trust that acquires shares in a company and holds them on behalf of the employees. It is an increasingly popular exit strategy for shareholders, which offers attractive tax incentives and...
Autumn Budget Summary 2025
[email protected] [email protected] Autumn Budget 2025 SummaryChancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of...
Top Profit Extraction Strategies for Owner Managed Businesses
[email protected] For most owner managed businesses, deciding what to do with company profits is a familiar and recurring challenge. Whether you are looking to extract profits for yourself, reinvest in your business or planning for the future, having a...
Christmas parties and staff gifts – a tax guide
New HMRC Service Lets You Take Control of Your PAYE Tax – Here’s What You Need to Know
As part of H M Revenue & Customs goal to achieve being digital by 2030, with 90% of customer interactions being online, today they have announced a new online service for workers to take control of their tax affairs. To stay in line with the current technology...