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18 Sep 25

Tax relief for employer contributions to a pension scheme

Employers can generally claim tax relief on contributions made to a registered pension scheme by deducting those payments as an expense when calculating their business profits.

18 Sep 25

War Widows Recognition Payments Scheme

Bereaved spouses who lost service pensions before 2015 have until 15 October 2025 to claim a one-off £87,500 recognition payment. This scheme was launched in October 2023 to help

17 Sep 25

Don’t rush to judgement over pending tribunal claims

Mr. Aslam, a former Metroline employee, applied to another bus company on 13 April 2019, disclosing that he suffered from partial hearing loss, depression, anxiety, insomnia and

15 Sep 25

Why you should maintain a tax reserve

Every business has a duty to pay tax, whether that is Corporation Tax, VAT, PAYE, or personal tax liabilities for the owners. While these payments are predictable, many businesses

15 Sep 25

Understanding working capital and why it matters

Working capital is a simple but powerful measure of a business’s financial health. It is the difference between current assets and current liabilities. In other words, it shows

11 Sep 25

Budget date announced

The Chancellor of the Exchequer, Rachel Reeves has confirmed, in a video message, that the next UK Budget will take place on Wednesday, 26 November 2025. Details of all the Budget

11 Sep 25

When you cannot charge VAT

Not all goods and services carry a 20% VAT, knowing the right rate can save costly mistakes. When a VAT-registered business issues an invoice to their customer, they must ensure

11 Sep 25

How do HMRC define “wholly and exclusively” for tax purposes

Not sure if a business cost is deductible? HMRC’s ‘wholly and exclusively’ rule is the key test. When deciding whether an expense is deductible or not it is important to bear in

11 Sep 25

What is the settlement legislation?

Thinking of gifting income to a spouse or partner? HMRC’s settlements rules may still tax it as your own. The settlements legislation is contained in s.624 ITTOIA 2005. The

11 Sep 25

16 years old – the minimum age for a company director

Thinking of starting a company at 16? Know the rules, risks and responsibilities before you take the leap. The Companies Act 2006 does not set a minimum age for shareholders,

admin

Tax relief for employer contributions to a pension scheme

War Widows Recognition Payments Scheme

Don’t rush to judgement over pending tribunal claims

Why you should maintain a tax reserve

Understanding working capital and why it matters

Budget date announced

When you cannot charge VAT

How do HMRC define “wholly and exclusively” for tax purposes

What is the settlement legislation?

16 years old – the minimum age for a company director

Benefits of the VAT Cash Accounting Scheme

What is the High Income Child Benefit Charge?

The Marriage Allowance if circumstances change

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