Every business experiences its ups and downs, with periods where the workload spikes and feels never-ending. Typically, during busy periods, it’s easy to get overwhelmed by a mountain of customer demands, emails, and fires to put out…sound familiar? If so, you’re not alone. Many business owners and professionals encounter this ebb and flow. But before […]
How to Conquer Your Workload Read More »
The deadline for filing your 2023/24 Self Assessment tax return online is 31 January 2025. Anearlier deadline of 30 December 2024 applies if you owe £3,000 or less and wish to pay the taxthat you owe through an adjustment to your PAYE code. While these dates are some way off,there can be advantages of filing
Advantages of filing your 2023/24 tax return early Read More »
HMRC has revealed that every year lots of simple errors are made in tax returns concerningcapital gains tax which results in the taxpayer suffering additional tax, interest and penalties.Here are some common mistakes, and how to avoid them. 1. Using the correct annual exempt amount When calculating how much capital gains tax you need to
Five common capital gains tax errors Read More »
Up to certain limits, it is possible to enjoy some savings income tax-free. The extent to whichthis is possible depending on the rate at which you pay tax; not all routes are open to all. Personal allowance If you do not fully use your personal allowance elsewhere, any balance not otherwise used canbe set against
Tax-free savings income in 2024/25 Read More »
Are you looking forward to a holiday but worried about managing your clients during your time off? Balancing work and a well-deserved break can be challenging, but it doesn’t have to be stressful. Follow this step-by-step guide to manage client expectations and ensure you can fully enjoy your holiday without any lingering work concerns. You
Going on holiday? Here’s how to manage client expectations Read More »
While Summer may seem like the perfect time to take it easy, especially if your business is prone to seasonal changes and this is your slow month, savvy business owners know it’s a golden opportunity to reflect, optimise, and prepare for the busier months ahead! Here’s how you can make the most of the quieter
How to harness the power of the slow summer season (and prepare for the busy season) Read More »
If you were given an amazing opportunity to buy shares in the company you work for through a management buyout (MBO), would you understand all the tax implications? You could be taking full control or owning a significant stake, allowing you to benefit directly from the company’s future success – but what does this mean
Management Buyout: Key Tax Considerations for Management Read More »
Do you feel like you’re constantly running with your business tasks, but getting nowhere? Like you’re working hard but not necessarily getting anywhere fast? It’s time we revive and embrace a seemingly forgotten mantra: work smarter, not harder. Lazy efficiency is about doing more, with less effort. Harnessing technology and innovative processes can reduce time
Want to work smarter, not harder? Here’s how to work more efficiently Read More »
Almost 300,000 taxpayers submitted their tax returns in the first week of the tax year You can join them by submitting your Self-assessment tax return for 2023 to 2024 now and have peace of mind for the rest of the year. You have until 31 January 2025 to file your return and pay any tax you
File Your Tax Return Early! Read More »
Under the Economic Crime and Corporate Transparency Act, there are new rules for registered office addresses. Companies must now have an ‘appropriate address’ as their registered office at all times. An appropriate address is one where: This means you cannot use a PO Box as your registered office address. You can still use a third-party
New Companies House Rules for Registered Office Addresses Read More »
