From 6 April 2025 onwards, furnished holiday lettings are treated for tax purposes in the same way as other residential lets, and residential lets and furnished holiday lets owned by the same person (or same persons) form part of the same property rental business. Prior to 6 April 2025, furnished holiday lettings had their own […]
Relief for Furnished Holiday Lettings losses post April 2025 Read More »
The way that many landlords will report details of their income and expenses to HMRC is changing from April 2026 onwards. This is when Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) comes into effect. Landlords who fall within the scope of MTD for ITSA will need to keep digital records, use MTD-compatible
Looking ahead to Making Tax Digital for landlords Read More »
Attracting and retaining top talent remains one of the biggest challenges for small business owners. The competition for skilled employees is fierce, and with workplace expectations continually evolving, understanding what your team truly wants is more important than ever. If you know what your employees want, you can create an environment that retains talent and
What do your employees actually want? Do you know? Read More »
If as an employer you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet your reporting obligations in respect of those benefits. This will include providing information to HMRC and to your employees. The exact nature of your reporting obligations will depend on whether
Reporting 2024/25 taxable expenses and benefits Read More »
Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage of the list price of the car and any optional accessories, as adjusted to reflect any capital contributions made by the employee up to £5,000. The percentage, which is known
Taxation of company cars in 2025/26 and beyond Read More »
The official rate of interest is a rate set by HMRC which is used to calculate the benefit-in-kind tax charge on cheap employment-related loans, and also the amount charged to tax in respect of the provision of employer-provided living accommodation where the cost of that accommodation is more than £75,000. Employment-related loans The amount charged
The Official HMRC Rate of Interest Read More »
Putting money into a registered pension scheme can be tax-efficient. Individuals can make contributions in their own right, or even for someone else, and employers can make contributions on their employees’ behalf (and indeed must do so under auto-enrolment). Tax relief is available on contributions up to certain limits. Auto-enrolment Under auto-enrolment, employers must enrol
Pension savings in 2025/26 Read More »
Last October, Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to employees and to the self-employed. Employers The 2025/26 tax year starts on 6 April 2025. From that date, the secondary threshold (which is the point at which employers start paying
National Insurance changes from April 2025 Read More »
Our long-time client, Twisted Eye, has just launched a new website that showcases the fantastic handmade hardwood furniture they produce. We asked our client about their range, “Twisted Eye creates furniture that stands out – versatile pieces full of personality and joy. We offer handmade designs in a range of sizes and styles which combine traditional craftsmanship with unexpected design elements for a
Our Client Launches New website Read More »
Mistakes within a team can be frustrating and costly, particularly for business owners who are trying to grow. Sure, occasional errors are inevitable and will happen over time. However, recurring mistakes may signal deeper ones that need addressing – ones that could lead to inefficiencies, financial losses, and even damage to your business’s reputation. So,
Recurring mistakes in your team? Here’s what to do (in 5 steps!) Read More »
