Employ a worker on a small salary to access the Employment Allowance
Employers’ National Insurance rose considerably from 6 April 2025. Not only did the rate increase from 13.8% to 15%, but the secondary threshold also fell …
Extension to MTD for ITSA
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require unincorporated traders and landlords …
10 benefits of filing your 2024/25 tax return early
As the 2024/25 tax year has now come to an end, individuals who need to file a Self Assessment tax return for that year can …
Reporting 2024/25 benefits and expenses
Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits. The …
New thresholds for off-payroll working
The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body …
Claiming mileage relief
Employees may pay for the fuel that they use for business journeys undertaken in their own car or in a company car. Often, an employer …
Reporting 2024/25 taxable expenses and benefits
If, as an employer, you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet …
Taxation of company cars in 2025/26 and beyond
Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage …
Official rate of interest
The official rate of interest is a rate set by HMRC which is used to calculate the benefit-in-kind tax charge on cheap employment-related loans, and …
Pension savings in 2025/26
Putting money into a registered pension scheme can be tax-efficient. Individuals can make contributions in their own right, or even for someone else, and employers …
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to …
Bookkeeping Best Practices for Woolwich Entrepreneurs
As an entrepreneur, maintaining accurate and up-to-date financial records is crucial for the success of your business. Whether you’re just starting out or managing a growing business, effective bookkeeping allows you to stay on top of your finances, avoid costly errors, and comply with HMRC regulations.
