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28 Aug 25

What are the current Income Tax bands and allowances?

Income Tax applies to earnings, pensions, savings, dividends and more, with different bands across the UK nations. Individuals can be liable to Income Tax at any age. There are

28 Aug 25

What if your pension contributions are excessive?

You can claim tax relief on pension contributions up to 100% of earnings, but exceeding the annual allowance may trigger charges. Tax relief is paid on pension contributions at the

28 Aug 25

Corporation tax roadmap

With a £50bn shortfall looming, the Chancellor may need to revisit last year’s Corporation Tax roadmap commitments. As this year’s Autumn Budget approaches, it is an interesting

28 Aug 25

Unused pension funds and IHT from April 2027

From 6 April 2027, new measures first announced in the Autumn Budget 2024 will come into force. These changes will bring most unused pension funds and death benefits into the scope

28 Aug 25

Fixing problems with running payroll

Employers must report pay and deductions correctly to HMRC, but errors can usually be fixed in your next FPS. Employers need to use payroll software or other payroll services to

26 Aug 25

How to gain a competitive advantage

In every market, businesses face competition. Some competitors may be larger, others may have deeper pockets, but gaining a competitive advantage is not always about size or

26 Aug 25

Why increasing an overdraft to fund losses is a dangerous game

Many business owners see their bank overdraft as a flexible safety net. When cash runs short, the temptation is to ask the bank for a higher limit to keep things moving. While this

21 Aug 25

When dividends cannot be paid

Under the Companies Act 2006, dividends can only be paid from realised profits, never from capital, no matter what a company’s Articles of Association say. Dividends can only be

21 Aug 25

Tax Diary September/October 2025

1 September 2025 - Due date for corporation tax due for the year ended 30 November 2024. 19 September 2025 - PAYE and NIC deductions due for month ended 5 September 2025. (If you

21 Aug 25

What is the pension’s Money Purchase Annual Allowance?

The Money Purchase Annual Allowance (MPAA) is a pension rule designed to prevent individuals from gaining double tax relief on pension contributions. It targets situations where

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What are the current Income Tax bands and allowances?

What if your pension contributions are excessive?

Corporation tax roadmap

Unused pension funds and IHT from April 2027

Fixing problems with running payroll

How to gain a competitive advantage

Why increasing an overdraft to fund losses is a dangerous game

When dividends cannot be paid

Tax Diary September/October 2025

What is the pension’s Money Purchase Annual Allowance?

VAT late filing penalties

Gifts with reservation of benefit

Holding over gains on gifts

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