Inheritance Tax Planning for Farmers | APR & BPR Changes 2026
Inheritance Tax Planning for Farmers – Understanding the APR and BPR Changes Inheritance tax planning for farmers is about to become much more complex, particularly with the changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) taking effect...
Claiming Business Travel Expenses on Holiday | HMRC Rules & Tips
Claiming Business Travel Expenses on Holiday For many business owners, the warm weather brings thoughts of holidays. But what if you also meet a client, visit a supplier, or attend an event while you’re away? Claiming business travel expenses on holiday is a common...
Director’s Loan: The 30-Day Rule, Repayments & Tax Guide
Director’s Loan Accounts – The 30-Day Rule Explained A director’s loan can provide short-term flexibility for directors, participators, or their associates who borrow funds from their company. With HMRC’s official rate of interest (ORI) set at 3.75% per annum from 6...
Loans to Participators: Family Company Loans and Tax Rules
Loans to Participators: Lending from a Family Company to a Family Member Making a loan from a personal or family company to a family member may seem straightforward, but it comes with potential tax implications. One of the key rules to be aware of is Loans to...
Capital Allowances for Cars | UK Tax Relief Guide
Understanding Capital Allowances for Cars: A Complete Guide When running a business, the rules on capital allowances for cars can feel confusing compared to other types of assets. Cars are treated differently, and the tax relief available depends on whether you’re a...
HMRC Simple Assessment: How It Works and What to Do Next
Understanding HMRC’s Simple Assessment HMRC introduced the simple assessment system to make it easier for taxpayers with straightforward tax affairs to settle underpayments of tax. Instead of having to complete a full Self Assessment tax return, a simple assessment...
Pensions and Inheritance Tax: Key Changes from 2027
Changes to Pensions and Inheritance Tax from April 2027 From 6 April 2027, pensions will no longer provide the same protection from inheritance tax as they do today. At present, unused pension funds in most UK discretionary schemes can pass to beneficiaries outside of...
Self-assessment: Avoid Class 2 NIC Errors in 2024/25 Return
Self-Assessment 2024/25: Class 2 National Insurance Contributions Charged in Error The Background: Class 2 NICs and Self-Assessment From 6 April 2024, the liability for self-employed earners to pay Class 2 National Insurance contributions (NICs) was abolished....
Payroll Services Guide: Auto-Enrolment for Temporary Staff
🧾 Payroll Services Guide: Auto-Enrolment for Temporary Staff If your business relies on temporary or seasonal staff, choosing the right payroll services is essential for managing auto-enrolment and workplace pensions. Many employers assume auto-enrolment only...
Qualifying Salary for UK State Pension: Essential Guide
Paying the Qualifying Salary for UK State Pension: What You Need to Know When running a family or personal company, deciding how much to pay yourself as a director is more than just a tax consideration—it’s also about ensuring you secure your future. Paying the...