As a small business owner, ensuring you structure your income efficiently can make a significant difference in how much you take home after tax. The tax landscape for 2025/26 presents both opportunities and challenges, so understanding the key thresholds and tax rates is crucial for financial planning. The way you receive income, whether as a […]
Spring Statement 2025: What It Means for Your Business
The Economic Outlook: A Tougher Year Ahead The latest forecasts from the Office for Budget Responsibility (OBR) paint a more challenging picture compared to last autumn. Key points include: Government Response: Stability and Growth With the pressure of maintaining stability, the Chancellor stuck to the government’s fiscal rules, reassuring financial markets. Instead of raising taxes, […]
Why Management Accounts Are a Game-Changer for Your Business
Many business owners rely on annual accounts to assess their performance, but by the time you get those figures, it’s too late to make proactive changes. Management accounts bridge that gap, offering you regular insights to stay in control of your finances and future. What Are Management Accounts? Management accounts are a set of financial […]
30 Ways to Extract Profit from Your Business – The Ultimate Checklist
Introduction:As a business owner, one of the biggest questions you may face is, “How can I extract more value from my business?” Whether you’re looking to boost your income, reward your team, or reinvest in your business, it’s crucial to have a strategy in place that helps you do so in a tax-efficient way. That’s […]
Budget 2024 – Key takeaways
Capital Gains Tax (CGT) Inheritance Tax (IHT) National Minimum Wage (NMW) Employers National Insurance Stamp Duty Land Tax (SDLT) Private School Fees Tax Administration Business Taxes in general Corporate Tax Roadmap – The government has published a Corporate Tax Roadmap. The roadmap includes a commitment to cap the Corporation Tax Rate at 25%; maintain the […]
Did the Chancellor make you rethink your future?
With the news that the Government has increased Capital Gains Tax and changed the rate of Business Asset Disposal Reliefs from 6th April 2025, we expect to be having more conversations with clients who are considering a swift sale of their company. Chris Bond discusses what the best strategy is likely to be, for any business […]
Could this be the best few months to buy a business?
With the news that the Government has increased Capital Gains Tax from today and will reduce the benefit of Business Asset Disposals Relief from 6th April 2025, many business owners will be considering a swift sale of their company before the end of March 2025. Chris Bond discusses why companies should include acquisition as part […]
7 Top Tips: Business Books
Here are 7 business books to help with your tax.
Tax Time – Dates for August 2024
1 August 2024 – Due date for corporation tax due for the year ended 31 October 2023. 19 August 2024 – PAYE and NIC deductions due for month ended 5 August 2024. (If you pay your tax electronically the due date is 22 August 2024) 19 August 2024 – Filing deadline for the CIS300 monthly […]