Corporation tax increases soon to take effect
Local accountants and tax advisers, Trueman Brown, warn local businesses that corporation tax is being reformed and companies with profits of more than £50,000 will pay corporation tax at a higher rate than they do now. While the changes do not come into effect for a...
Tax Benefits for Hiring Ex-Military Personnel UK 2025/26
Tax Benefits for Hiring Ex-Military Personnel UK: 2025/26 Employer Guide Employers across the UK can access tax benefits for hiring ex-military personnel under HMRC’s continuing initiative. This relief provides National Insurance savings for businesses that employ...
Using the capital gains tax land and buildings toolkit
Local accountants and tax advisers, Trueman Brown, advise local property owners that HMRC produce various toolkits highlighting common errors in self-assessment tax returns, including one for land and building, to avoid mistakes. As the name suggests, the capital...
Make tax-free income from renting your drive
Local accountants and tax advisers, Trueman Brown, advise local property owners that they could use the property allowance enables you to enjoy tax-free rental income of up to £1,000 a year. The summer is a popular time for events and event parking is often limited....
Paying PAYE by recurring direct debit
Local accountants and tax advisers, Trueman Brown, advise local employers that, from 19 September 2022 onwards, employers will be able to pay their PAYE by recurring direct debit. Employers must act as a tax collector for HMRC, deducting tax, National Insurance and,...
Tax Implications Renting Accommodation to Your Business
The tax implications of renting accommodation to your business When you consider the tax implications renting accommodation to your business, it’s essential to weigh both opportunities and risks from the outset. Renting a property you own to your company may appear...
Is a Property Company Right for You? Tax Tips & Advice 2025
Is a property company a tax-efficient option? In recent years, many landlords have considered operating via a property company structure rather than as unincorporated individuals. The changes in tax treatment — especially restrictions on interest relief for...
Business Incorporation Guide for 2025/26 | Trueman Brown
Why business incorporation matters when you’re starting out When you decide to launch a new venture, choosing the right approach is crucial—particularly when it comes to business incorporation. Making the leap from being a sole trader or partnership to a fully formed...
Changes to self-employed national insurance contributions
Local accountants and tax advisers, Trueman Brown, warn local self-employed traders of the changes made to national insurance contribution calculations. If their profits are high enough, the self-employed pay two classes of National Insurance contribution – Class 2...
Sole Trader or Limited Company? 2025/26 UK Guide
Sole Trader or Limited Company: Which is Right for Your Business? Deciding between operating as a sole trader or limited company is one of the most important early choices for small business owners and the self-employed. Your business structure affects how much tax...