deadline

Don’t Miss The Deadline

It is that time of the year again when anyone new to Self Assessment for the 2022/2023 tax year must tell HM Revenue and Customs (HMRC) by 5 October 2023. What does new to Self Assessment mean? In simple terms, it refers...

Buying a business

5 tips to consider when buying a business

Conduct a thorough due diligence review The first thing to consider when buying a business will be making sure you understand what you would be buying. A thorough due diligence review of the business would involve a number of different...

Rise In HMRC Interest Rates

Rise In HMRC Interest Rates

From the 2nd June 2023, we have seen a rise in the Bank of England’s interest rates from 4.5% to 5%. This follows a decision by the MPC (Monetary Policy Committee) to increase the Bank of England’s interest rate to...

What are the differences between a SIPP and SSAS pensions?

Both share striking similarities, encompassing regulated personal pensions. Consequently, the fundamental principles governing SIPP investments, borrowing, and loans remain consistent across SSAS pensions. Here are some of the significant differences between these two types of pensions:   SIPP (self-invested personal pension): SSAS (small, self-administered...

R&D

R&D Tax Relief Prenotification Requirements

Following the recent modifications in the HMRC's operational framework, the R&D Tax Relief programs underwent various alterations, effective from April 1, 2023. A notable shift is the necessity to provide advance notice to HMRC if you are planning to submit...