Incorporation relief – Remember to claim it
September 15, 2026
When a sole trader transfers their business to a limited company, a chargeable gain may arise on the assets transferred. As the connected person rules
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Do I need to pay tax on income from my side hustle?
September 8, 2026
Many people are taking on a side hustle to make ends meet. This can take various forms, such as selling items online, providing services or
VAT on gifts and samples
September 1, 2026
Businesses which give away free gifts or samples need to be aware of the VAT implications to ensure that they account for VAT correctly. Gifts
How to reduce your employer’s Class 1 National Insurance bill
August 25, 2026
Employer’s Class 1 National Insurance is a significant cost for employers, being charged at 15% on earnings over the relevant threshold. However, there are some
Phased introduction of mandatory payrolling
August 18, 2026
Mandatory payrolling was due to come into effect from 6 April 2027. However, it has now been announced that the introduction will be phased in,
How is relief given for pension contributions?
August 11, 2026
Pension contributions benefit from tax relief. However, the amount of the relief is capped at the lower of 100% of earnings (or £3,600 where this