Blog
National Living Wage and Minimum Wage Increases
From April 2026, the National Living Wage will increase by 4.1%, and the National Minimum Wage will go up by 8.5% for 18-20-year-olds and 6% for 16 and 17-year-olds. The…
Working abroad and being non-UK tax resident
People who go and work abroad often want to be non-UK tax resident. If your family will continue to live in the UK, and you want to visit them for…
Gifts out of income
It is well known that gifts out of income are exempt from inheritance tax. To calculate gifts that can be made out of income, you take your gross income, deduct…
Tax on bringing money to the UK
The only time there are UK income tax or capital gains tax implications on bringing money into the UK is if the money brought in represents income or gains that…
Chargeable lifetime transfers for inheritance tax
Lifetime gifts that are not exempt (for example, gifts to spouse or charities) and are not “potentially exempt” (gifts made to an individual where the giver survives for at least…
New Director Identity Requirements at Companies House
What is changing? Companies House have brought in some significant changes for all company directors, People with Significant Control (PSCs), and those filing on behalf of entities (such as Wellden…
Do you do your own bookkeeping in Xero? – we have something that might save you some time!
Xero have recently added a new feature for posting purchase invoices from your suppliers that we wanted to share with you. In the ‘bills’ section on Xero, there used to…
Spring Statement March 2025
A balancing act In her first Budget in October 2024, Rachel Reeves promised that there would only be one ‘fiscal event’ each year – she would not make significant tax…
Changes in company size criteria confirmed
The changes in company size thresholds will come into force on 6 April 2025. This will mean some companies will fall out of the compulsory audit regime, and no longer must prepare…
How to be tax efficient as a company director in 2025/26
How to be tax efficient as a company director in 2025/26 With the changes announced in the Chancellor’s Autumn 2024 budget now coming into effect, it is important for businesses…
Goodbye P11ds!
The transition from P11D reporting to Payrolled Benefits in Kind The landscape of tax reporting has seen significant changes since the introduction of the P11D form in the 1960s. To…
How inaccurate P60s can cause tax issues
Filing a tax return is rarely anyone’s idea of an enjoyable activity, but accuracy is crucial to avoid costly penalties and unnecessary complications. Many taxpayers don’t realise that an inaccurate…