Grays Accountants, Trueman Brown, like to keep their client’s up-to-date with the latest developments. A person may own a property jointly that is let out as part of a partnership business. This may arise if the person is a partner of a trading or professional...
Simplified-expenses for sole traders: what you need to know If you run a small unincorporated business, you may be able to use simplified-expenses when preparing your tax return using the cash basis. The rule change that introduced allows HMRC to accept a flat rate...
Local Employers Should Look at Student Loan Deductions (2025/26 Update) Student loan deductions are a key payroll responsibility for UK employers, and the rules have recently changed for the 2025/26 tax year. Making sure you deduct the correct amount for your...
Employer Supplied Mobile Phone Tax Exemption – 2025/26 Guide for UK Employers The employer supplied mobile phone tax exemption allows UK businesses to provide employees with mobile phones without triggering a taxable benefit—provided certain HMRC rules are met. This...
Understanding Self Assessment Penalties – What You Need to Know If you file late, you could face serious self assessment penalties. For the tax year ended 5 April 2025 (the 2025/26 filing season), the deadlines remain: online returns must be submitted by 11:59 pm on...
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