by Gareth Thomas | Mar 29, 2025 | Accounting, Business, Downloads, Finance, Taxes
Many small businesses are thriving despite economic uncertainty, and some have surplus cash sitting in the bank earning minimal interest. Instead of leaving money idle, some companies choose to lend to another business—but what are the tax implications? If companies...
by Gareth Thomas | Mar 26, 2025 | Accounting, Business, Downloads, Taxes
If your employees use their own car for business journeys, you may choose to reimburse them for mileage costs. But did you know that paying above HMRC’s approved rates could result in extra tax and National Insurance costs? Understanding the Approved Mileage Allowance...
by Gareth Thomas | Mar 20, 2025 | Accounting, Business, Downloads, Property, Taxes
If you’re selling a second home, buy-to-let, or investment property, you’ll need to report and pay any Capital Gains Tax (CGT) within 60 days of completion. With changes on the horizon—like the reduction in the SDLT threshold from April 2025 and the end of the...
by Gareth Thomas | Mar 16, 2025 | Business, Downloads, Finance, Property, Taxes
If you own a furnished holiday let (FHL), big tax changes are on the way. From 6 April 2025, the favourable tax treatment for FHLs will disappear, bringing them in line with standard residential lets. One of the biggest impacts? Landlords will no longer be able to...
by Gareth Thomas | Feb 24, 2025 | Accounting, Business, Downloads, Finance, Taxes
For years, the most tax-efficient way for a sole director or owner to withdraw money from a company has been through a combination of salary (up to the employer’s secondary NIC threshold) and dividends. However, changes to tax thresholds and NIC limits since July 2022...
by Gareth Thomas | Feb 18, 2025 | Business, Downloads, Property, Taxes
If you’re considering gifting your furnished holiday let, you need to act quickly. From 6 April 2025, furnished holiday lettings will lose access to key tax benefits, including gift hold-over relief. This could make transferring your property far more costly. Here’s...
