Corporation Tax Loss Carry Back Explained How to Claim Relief
Navigating the complex waters of corporation tax can often feel daunting, especially when your business is facing financial losses. However, understanding the concept of corporation tax loss carry back can offer significant relief and help your business reclaim some much-needed cash. In this article, we will break down what corporation tax loss carry back means, […]
Companies House Identity Verification Essential Guide
Companies House identity verification is a process designed to confirm the identity of individuals associated with a company. This includes directors, secretaries, and people with significant control (PSCs). The main goal is to prevent fraudulent activities and ensure that the information on the public register is accurate.Why is it Important?Identity verification is crucial for maintaining […]
Benefits of Hiring an Online Accountant
In today’s digital age, the way we manage finances has transformed significantly. Gone are the days when you had to visit your accountant’s office for every little financial query. Enter the world of online accountants—professionals who manage your financial needs from the comfort of your own home. This article will explore the benefits of hiring […]
What Is A Director’s Loan How Do They Work?
What Is A Director’s Loan How Do They WorkNavigating the financial landscape of a company can often be complex, especially when it comes to understanding various financial instruments like a director’s loan. This article aims to demystify the concept of a director’s loan, explain how it works, and highlight its implications for both the company […]
Understanding the Importance of CIS Registration
In the UK construction industry, the Construction Industry Scheme (CIS) is a crucial component. It’s designed to streamline tax collection from construction related activities. Whether you’re a contractor or a subcontractor, understanding CIS registration is essential to stay compliant and avoid penalties. In this article, we’ll dive into the importance of CIS registration, how it […]
Budget Introduction
The Chancellor Rachel Reeves presented her first Budget on 30 October 2024. In her speech she stated the Budget ‘lays the foundations for growth while ensuring fairness, stability, and responsibility in the public finances’. The measures announced take effect across 2025 and beyond, with significant reforms to business taxation, inheritance tax, and support for households. […]
Business
Key Budget Changes Impacting Businesses (UK, 2025) 1. Rising Employment Costs 2. Business Rates Restructured 3. Tax Reforms & Compliance 4. Support for Growth & Investment 5. Productivity & Tax Reform Drive 6. Speculative Future Tax Measures
Capital Taxes
Capital Gains Tax (CGT) Inheritance Tax (IHT) & Related Reforms
Employment
Budget Changes Impacting Employment
Personal Tax
Personal Tax Changes in 2025/26 Income Tax Thresholds and Rates National Insurance Contributions (NICs) Dividend Allowance Non-Dom Tax Regime Reform Other Personal Tax Adjustments
