#newtaxyear

Best Way to Lower Your Corporation Tax Bill: Contribute to a Pension

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As a business owner, one of the most efficient ways to reduce your Corporation Tax bill—and extract value from your company—is through pension contributions. Not only do employer contributions reduce your company’s taxable profits, but they can also help you save on National Insurance and build long-term personal wealth. This article explores how contributing to […]

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National Insurance changes from April 2025

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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

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Reduction in higher rate of capital gains tax on residential property gains

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For capital gains tax purposes, residential property gains have their own, harsher, rules. Not only are taxed charged at a higher rate, but taxpayers also have a shorter window in which to report the gain and pay the corresponding tax over to HMRC.  In the 2024 Spring Budget, the Chancellor announced that the higher rate

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Financial year 2024 – important dates to remember for the coming year!

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When running a business, keeping on top of things like tax submissions and regulatory changes isn’t just smart; it’s crucial.  So, since it’s the end of the financial year, and we’re accountants, we thought we’d help you out with this.  To help you prepare for the financial year of 2024, here are the key financial

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