Escaping the HICBC
The High Income Child Benefit Charge (HICBC) is a tax which claws back child benefit where the recipient or their partner has adjusted net income of £60,000 or more in the tax year. The charge is equal to 1% of…
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Using your ISA allowance in 2026/27
Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISAs: Individuals must be at least 18 to invest in an ISA. Cash ISAs may be with a bank or building society or with National Savings…
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 paying a dividend before 6 April 2026. However, it is only possible to pay a dividend where the company has sufficient…
New property tax rates
Unincorporated landlords pay income tax on the profits of their property rental business. This is currently at the normal income tax rates. However, this is set to change from 6 April 2027 when property income will have its own tax…
Using the VAT flat rate scheme
The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme, businesses pay a set percentage of their VAT inclusive turnover to HMRC rather than the difference…
What to do if you cannot pay your tax bill
As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment tax bill. If this is the case, it is important that you do not bury…
Focal Business Group’s Partnership with Starling Bank
Focal Business Group is partnered with the award-winning bank, Starling, to support clients with their business banking requirements. When business owners told Starling what they wanted from a bank account, they listened. Helpful features, no monthly fees, a super-fast setup…
Focal Business Group Launch Partnership with Capital on Tap
Focal Business Group have partnered with Capital on Tap to help clients access a business credit card simply, quickly, and securely. Capital on Tap – The credit card built for businesses It’s Capital on Tap’s mission to make…
Thoughts on the future of Accounting from a Non-Accountant
When Esther was approached to present at a local networking event, the challenge was choosing what topic to focus on. Exactly one week before her presentation she attended the Digital Accountancy show and having been inspired by the content that…
Focal Business Group launch partnership with Swoop Funding
Focal Business Group have partnered with Swoop Funding to help clients find funding solutions simply, quickly, and securely. Swoop – Funding for ambitious UK businesses. swoopfunding.com We have partnered with Swoop to ensure we are able to best help you…