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As the cost-of-living crisis deepens, many employees are looking to save money. One option is to cut the cost of the commute by cycling to work. There can be tax benefits for this too. Exemption for employer-provided cycles Employees can…

If you operate your business as a personal or family company, you will need to extract some or all of the profits if you wish to use them personally. When it comes to tax, not all profit extraction methods are…

Although spouses and civil partners are taxed independently, there are some tax breaks available. One of these is the ability for spouses and civil partners to transfer assets between them at a value that for capital gains tax gives rise…

The Energy Bill Relief Scheme – Cutting energy bills for UK businesses, charities & public sector organisations. Current gas and electricity prices have been significantly inflated in light of global energy prices. Through a new Government Energy Bill Relief Scheme, the…

We’ve recently had several clients approach us with questions about property companies and the associated tax implications.  Tax changes in recent years to the way that unincorporated landlords are treated for tax purposes, particular in respect to relief for interest,…

Openreach is switching off the Public Switched Telephone Network (PSTN) in December 2025. The PSTN provides the infrastructure necessary for public telecommunications. This decision comes as better solutions have become widely available that meet the demands of modern communication more…

Capital Gains Tax (CGT) is payable when a chargeable asset is sold at a gain for more than it was purchased for. Typically, the tax is paid on the profit made.  Chargeable assets include personal possessions which are worth more than…

Against a backdrop of rising living costs, rising inflation and rising interest rates, cashflow is becoming an increasingly serious matter for individuals and businesses alike.  With the Bank of England warning the UK will fall into recession by the end of…

In less than a month, our new Prime Minister will have been announced. Until then, Rishi Sunak and Liz Truss must use this time to gain support from voters.   Against a backdrop of rising living costs, inflation and interest rates,…

Rapidly rising fuel prices are something we are having to adjust to in both our personal and working lives. Where an employee uses their own vehicle for business use, their employer can cover the associated costs by paying a mileage…