Reduction in WDAs from April 2026
Where first year allowances, such as the Annual Investment Allowance or full expensing, are not claimed in respect of capital expenditure on plant and machinery, …
Costs of working from home
What are the costs of working from in 2026? When an employee working from home, they may incur additional costs as a result, such as …
Taxation of dividends in 2026/27
Taxation of dividends in 2026/27. As announced at the time of the 2025 Autumn Budget, the ordinary and upper dividend tax rates are increased by …
Section 455 tax and the change in the dividend upper tax rate
In personal and family companies, director shareholders often borrow money from the company. Where a company is close, as most personal and family companies are, …
APR and BPR and the £2.5m allowance
From 6 April 2026, the 100% rate of agricultural property relief (APR) and business property relief (BPR) is only available on the first £2.5m of …
Taking a dividend before 6 April 2026
As the tax year draws to a close, directors of personal and family companies should consider whether it is worthwhile taking a dividend before 6 …
Are you paying sufficient National Insurance for a full state pension?
State pension entitlement depends on a person having sufficient qualifying years, which in turn depends on them having paid or been treated as having paid …
Five year-end tax planning tips
As the end of the 2025/26 tax year approaches, it is a good idea to undertake a financial review and assess whether there is any …
Do I need an accountant for limited company?
If you’ve recently set up a limited company, or you’re about to, you’ve probably typed this into Google: “Do I need an accountant for limited …
Keeping digital records for Making Tax Digital
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will apply from 6 April 2026 to sole traders and unincorporated landlords with combined trading …
How can sole traders obtain relief for trading losses?
In difficult trading conditions, a sole trader may realise a loss rather than a profit. Where this is the case, it is important that the …
Tax implications of reimbursing employee expenses
Employees often incur expenses in doing their job and they may be able to claim these back from their employer through the expenses system. Where …
