Business Property Relief (BPR) has long been a vital tool for small business owners in the UK, helping to mitigate inheritance tax liabilities. From April 2026, significant changes to BPR will come into effect, reshaping how business assets are taxed…
There's a common misconception among business owners: many believe they can simply add family members to the payroll and start paying them without proper procedures. However, HMRC has become increasingly vigilant about family employment arrangements, with targeted compliance activities expected…
The UK government's recent budget announcement introduced a 1.2 percentage point rise in employer National Insurance (NI), moving contributions from 13.8% to 15% beginning April 2025. This policy change aims to bolster public finances and fund essential services. However, for…
A Deep Dive into the SEIS, EIS, and VCT Tax Schemes How Startups and Investors Can Leverage Government-Backed Incentives Post-Brexit Introduction In an era marked by economic uncertainty, technological disruption, and the lingering aftershocks of Brexit, the UK government has…
HMRC Double Cab Pickup Update: Latest Tax Guidelines for 2025 HMRC is set to introduce new tax rules for double cab pick-ups from 6 April 2025. These changes reclassify these vehicles from commercial to car status for tax purposes, affecting…
If you're a sole trader, switching to a limited company can feel exciting but also a bit overwhelming. This change can help your business grow and make it look more professional, but there are some tricky steps you need to…