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04/09/2026

Alert for business owners: You could possibly slash your taxable profits by claiming the Annual Investment Allowance on your new machinery and equipment. Find out why thousands are claiming up to £1 million in tax relief and how you could too. Read on to see if your next purchase qualifies!

Benefits of claiming the Annual Investment Allowance 27 Aug 2026 | Capital allowances Businesses investing in qualifying assets may be able to claim the Annual Investment Allowance (AIA) and deduct the full cost of eligible purchases from their profits before tax. This can help by reducing the amoun...

03/09/2026

Alert for employers: Are you aware of how tax rules impact uniforms and protective clothing you provide? It's not one-size-fits-all. Find out why this matters to your payroll and record-keeping now.

Tax relief for uniforms and protective clothing 27 Aug 2026 | Employment & Payroll Employers providing uniforms or protective clothing to employees need to understand the tax and National Insurance rules that apply. The treatment depends on whether the clothing is required for the employee’s job, ...

02/09/2026

Alert: Claiming business expenses? Keep your receipts and evidence safe! HMRC could ask for proof, so get your records in order to avoid trouble. Find out why it matters now.

Evidence required to support business expense claims 27 Aug 2026 | Income Tax Self-employed individuals can deduct allowable business expenses from their income when calculating taxable profits. However, businesses must keep accurate records and evidence to support the costs being claimed. HMRC requ...

02/09/2026

Missed your tax deadline? You might have a reasonable excuse that could save you from penalties. Serious illness, bereavement, or unexpected tech failures could count. Find out how acting quickly helps and when to appeal. Read on to see if you qualify.

What is a reasonable excuse for missing a tax deadline? 27 Aug 2026 | General Missing a tax deadline can result in penalties from HMRC, but a taxpayer may be able to appeal if they have a genuine reasonable excuse. Whether an excuse is accepted depends on the individual facts and whether the taxpaye...

01/09/2026

Alert: Are your workers classified correctly? Missteps in employment status can bring unexpected tax bills, fines, and lost rights. Find out why reviewing this now could save your business trouble. Read on to see what you need to check.

Have you reviewed your workers’ employment status? 27 Aug 2026 | Employment Law Businesses should regularly review whether individuals working for them are correctly classified as employees, workers or self-employed. Getting employment status wrong can result in unexpected tax liabilities, penalti...

01/09/2026

VAT registration just got a lot more interesting! Did you know you might reclaim VAT on some costs from before you were even registered? It could mean reclaiming VAT on goods bought up to four years prior and services up to six months earlier, but only if they're linked to your current business. Intrigued? Find out why this could impact your next VAT return and what special rules might affect you.

28/08/2026

Unlock confidence for your business funding journey with HMRC's advance assurance. Curious how this could boost investor trust? Find out why it matters now.

Benefits of SEIS and EIS Advance Assurance 20 Aug 2026 | Business Businesses seeking investment through the Seed Enterprise Investment Scheme (SEIS) or Enterprise Investment Scheme (EIS) can benefit from obtaining advance assurance from HMRC before approaching investors. Advance assurance allows a c...

27/08/2026

Employers, did you know the official interest rate for beneficial loans just changed to 3.75% for 2026-27? This could mean tax tweaks for employees taking loans below this rate. Keeping track makes all the difference. Find out why this matters for your payroll and reporting.

Official rate of interest for beneficial loans 20 Aug 2026 | Employment & Payroll Employers providing loans to employees or directors need to ensure they correctly calculate any taxable benefit using HMRC’s official rate of interest. Where a loan is provided at no interest or at a rate below the o...

26/08/2026

Big news for sole traders and partnerships! Incorporation Relief can mean you defer your Capital Gains Tax when moving your business to a limited company. Wondering how this could affect your finances? Find out why it matters now and what you might need to consider before making a move. Read on to uncover the details and see if this could be a game-changer for your business tax planning.

Incorporation Relief may reduce your CGT bill 20 Aug 2026 | Capital Gains Tax When a sole trader or the partners in a partnership transfer a business to a limited company, Capital Gains Tax (CGT) may arise. This is because business assets are normally treated as being transferred at their market val...

25/08/2026

Alert: Missing a tax notification to HMRC could land you with a penalty. If you have overlooked a tax liability, stepping forward now could help reduce fines. Find out why acting fast matters and how your cooperation makes a difference. Read on to see what you need to know.

HMRC penalties for failing to notify a tax liability 20 Aug 2026 | HMRC notices If you become liable to pay a tax or register for a tax that HMRC has not already been informed about, you must notify HMRC within the relevant time limit. Failing to do so can result in a financial penalty in addition t...