Must the cash basis be used?
For UK unincorporated businesses, the cash basis is now the default method for calculating taxable profits. Under this basis, income is taxed when received and …
The future for invoices and receipts
It is becoming increasingly noticeable that after a purchase is made in a shop or restaurant, the customer is asked ‘Do you want a receipt?’. …
New 40% FYA and reduction in WDAs
A new 40% first-year allowance (FYA) is to be introduced from April 2026. It will apply to main rate expenditure on new assets, excluding cars. …
Benefit in kind changes
As far as benefits in kind are concerned, there were both winners and losers in the Budget. Winner – easement for plug-in hybrid electric vehicles …
The £100,000 cliff edge
All things being equal, receiving a pay rise which takes your income over £100,000 would be seen as a cause for celebration. However, all things …
Changes to ISAs and the savings tax rate on the horizon
During the Chancellor’s Budget speech, savers received the unwelcome news that the rate of tax on savings income is to increase and the cash ISA …
What the hike in the dividend tax rate means for personal and family companies
In her tax-raising Budget on 26 November 2025, the Chancellor announced that the dividend ordinary rate and the dividend upper rate are to rise by …
Self-Employed & Freelancer Tax Return London
Straight-Talking Tax Support for the Self-Employed in London You didn’t become self-employed to spend your evenings Googling “what counts as an allowable expense?” or worrying …
Payroll Compliance in the UK: What Every London Business Needs to Know
For many London business owners, payroll compliance only becomes a priority when something goes wrong, a late notice from HM Revenue & Customs, a pension …
Landlord Self-Assessment Tax Return London
Expert Support for Buy-to-Let & Property Investors in London Being a landlord in London can be rewarding, but when it comes to tax, it’s rarely …
Affordable Payroll Services for Small Businesses in London
Running payroll shouldn’t drain your time or your budget.Yet for many small businesses in London, payroll quickly becomes one of the most expensive and stressful …
Tax relief for unpaid rent
In these difficult economic times, tenants may struggle to pay their rent, leaving landlords out of pocket. In the absence of insurance that makes good …
