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Claiming tax relief on business insurance

If you are self-employed, you may be able to claim tax relief on certain business insurance costs
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Are you using the best VAT scheme for your business?

Small businesses have several VAT schemes available that can simplify VAT administration and may
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Is HMRC holding money that belongs to you?

It is important to know if HMRC is holding money that belongs to you. For example, if you have paid
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Advising HMRC of change in circumstances

If your personal details or circumstances change, you may need to tell HMRC as this could affect
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Self-Employed – Are your business records in order?

As a self-employed individual, whether a sole trader or partner, you must keep accurate records of
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Does your business need to register as an employer?

If you are starting to employ staff or engaging subcontractors for construction work, you will
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Don’t let discrimination lead to resignation or risk facing career compensation

A recent ruling has cleared the path to uncapped financial compensation following a forced
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Could new VAT rules change how you sell online?

The Government has launched a consultation on proposals that could significantly change the way VAT
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Has a pay rise quietly increased your tax bill?

Many employees and business owners have welcomed higher earnings over the past few years. However,
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Do you know who must register for VAT?

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold,
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When does a hobby become a taxable business?

Not every hobby becomes a taxable business, but it is important to be aware when this can happen.
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Could your business recover more VAT?

If your business is VAT registered, you can usually reclaim VAT on many of the goods and services
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Is your spouse paying more tax than necessary?

Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each
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Could you claim tax relief for property repairs?

Property owners often incur costs for repairs, and understanding which costs can be deducted is
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Are you maximising tax relief on company losses?

If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax
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Could your business survive a cyber attack?

Cyber-crime is no longer a problem faced only by large organisations. Small businesses are
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Five ways AI can save you hours every week

Artificial intelligence (AI) is no longer just for large organisations. Many small businesses are
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Making Tax Digital: Are you ready for your first quarterly deadline?

If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to
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Employee benefits: Are you creating tax problems without realising it?

Providing benefits and covering expenses for employees is a common part of running a business, but
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Could your savings generate a tax bill?

Most individuals can earn interest from their savings without incurring a tax liability thanks to a
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Selling shares this year?

If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any
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Have you overlooked this valuable capital allowance?

If you have invested in a new commercial building or carried out significant renovation work, you
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Are you claiming all your allowable business expenses?

If you are self-employed, claiming all of your allowable business expenses can reduce your taxable
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Where do we draw the line between free speech and racism?

The volatile boundary between workplace speech, belief, and discrimination was recently ignited in
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Tax Diary August/September 2026

1 August 2026 - Due date for Corporation Tax due for the year ended 31 October 2025. 19 August
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When did you last check your credit rating?

Many business owners regularly monitor their bank balance, sales and cash flow, but overlook
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Company filing penalties you should avoid

Most company directors are aware that they must file annual accounts and a confirmation statement
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Child Benefit and the High Income Child Benefit Charge

The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives
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Avoid 60% Income Tax band

A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a tax year. Once
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Meaning of Carried Interest

Carried interest is essentially a share of the profits from an investment fund that is paid to the
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Construction Industry Scheme responsibilities

The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage
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Don’t forget to pay your Class 1A NICs

Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025-26 tax
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Meaning of Permanent Establishment

The term permanent establishment (PE) is an important tax concept for businesses that operate
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Are you too dependent on one customer?

Many successful businesses begin by working closely with one major customer. While this can provide
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Five ways to improve customer retention

Winning new customers is important, but many businesses overlook the value of keeping the customers
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Employee travel expenses

There is no requirement to report certain travel and subsistence expenses where an exemption
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Tax treatment of loans to employees

Employees may receive a taxable benefit where an employer provides a loan that is interest-free or
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Company mobile phones and tax implications

When employers provide mobile phones to employees, it is important to understand the tax treatment
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Understanding dividend tax

Understanding dividend tax is important for anyone who receives income from shares in a company.
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Tax relief on professional subscriptions

Employees may be entitled to tax relief on certain professional fees and subscriptions that they
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Investment Manager Exemption (IME)

The Investment Manager Exemption (IME) is a long-standing HMRC concession that helps attract
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Companies House steps up enforcement activity

Companies House is entering a new era of enforcement as it begins making greater use of the powers
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The benefits of Fair Payment Code accreditation

Getting paid on time remains one of the biggest challenges facing many small and medium-sized
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Capital Gains Tax if selling shares or investments

Capital Gains Tax (CGT) is a tax on the profit you make when you sell or dispose of an asset that
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Understanding your National Insurance record

Your National Insurance record can be checked online to see what contributions and credits you have
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Tax-free benefits in kind from your employer

The range of benefits that can be provided tax-free by an employer is relatively limited, but there
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Claiming tax relief on charitable donations

When you donate money to a charity or Community Amateur Sports Club (CASC) under Gift Aid, the
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Understanding your tax code

Your tax code tells your employer or pension provider how much Income Tax to deduct from your pay.
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Salaried members of LLPs

Members of a Limited Liability Partnership (LLP) are normally treated as self-employed for tax
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The corporate manual, not time and motion studies, defines employment roles

Equal pay claims can grind on for years before resolution. However, the ground has shifted since
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Could exporting help your business grow?

Many small business owners assume that exporting is something reserved for larger companies with
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Profit and loss accounts to be filed from April 2028

The Government has confirmed that important changes to Companies House filing requirements will now
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Further registration for Making Tax Digital

Making Tax Digital (MTD) for Income Tax is being rolled out in stages for sole traders and
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Who is liable to pay ATED?

The Annual Tax on Enveloped Dwellings (ATED) is a charge that applies to certain high-value
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Self-assessment tax penalties

If you are required to complete a self-assessment tax return, HMRC may charge penalties if you miss
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Can you claim R & D relief?

Research and Development (R&D) tax relief is designed to support companies that invest in
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When to consider voluntary National Insurance

Many people are unaware that gaps in their National Insurance (NI) record can affect their
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Tax when selling overseas property

UK residents are generally liable to Capital Gains Tax (CGT) when they dispose of overseas property
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2026/27 Tax Year

2026/27 Tax Year – Key Changes to Be Aware Of The new tax year began on 6 April 2026, bringing a number of tax updates for individuals and businesses. While many rates and thresholds remain frozen, there are several important changes that could affect tax planning and reporting obligations over the coming years. Below is...
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Making Tax Digital (MTD) for Income Tax – UK Guide for Sole Traders & Landlords

Making Tax Digital for Income Tax (MTD ITSA) is one of the biggest changes to the UK tax system in recent years. If you’re a sole trader or landlord, this will change how you report your income to HMRC from April 2026 onwards. In this guide, we explain what MTD is, when it applies, who...
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The 7-year gift rule is still available

The 7-year gift rule is still an available option for those making lifetime gifts, offering a way
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Rolling over capital gains

Rolling over capital gains can be an effective way for business owners to defer Capital Gains Tax
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Could you claim the Marriage Allowance

The Marriage Allowance applies to married couples and civil partners where one partner does not pay
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MTD for Income Tax – are you affected?

If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, now is
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VAT recovery on car leasing

The VAT treatment of car leasing is an important consideration for businesses that incurs VAT on
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Cash flow challenges facing small businesses

Cash flow remains one of the most significant challenges facing small businesses in the UK. Even
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Ways businesses can reduce fuel bills

Tensions in the Middle East have increased concerns about potential disruption to global oil
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Tax if selling a second property

You may have to pay Capital Gains Tax (CGT) tax when you sell or dispose of a property that is not
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Tax on inherited property, money or shares

As a general rule, someone who inherits property, money or shares is not liable to pay tax on the
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How long should you keep your tax records

Following the deadline for submission of self-assessment tax returns for the 2024-25 tax year, it
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Estimate your Income Tax for the current tax year

If you are concerned by the continuing pressures on your take-home pay and need some certainty on
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Companies House blunder

A Companies House blunder has raised concerns after a flaw in the WebFiling service briefly exposed
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When is a “self-employed” contractor a de facto employee?

The employment status of a former bricklayer was recently called into question in establishing
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Business solvency, why it matters

Business solvency refers to a company’s ability to meet its financial obligations as they fall due
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Exit planning, an essential step for business owners

Many business owners spend years building their companies but give far less attention to planning
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Tax Diary April/May 2026

1 April 2026 - Due date for corporation tax due for the year ended 30 June 2025.19 April 2026 -
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Who will be subject to MTD for IT from 6 April 2026

Taxpayers who are self-employed or receive rental income should check whether they will be subject
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Seven million people started new jobs in 2025

New figures published by HMRC show that more than 7 million people started a new job in 2025, an
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Tax allowances frozen for 2026-27

It was confirmed as part of the Autumn Budget that the Income Tax thresholds will continue at their
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Changes to the calculation of Income Tax

A number of changes to the taxation of dividends, property income and savings income were announced
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Increase in company late filing penalties

After the end of its financial year, a private limited company must prepare full annual accounts
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Accelerate Return on Investment

The speed with which a business can achieve a return on investment is often just as important as
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Reducing energy consumption

Reducing energy intensity is one of the most practical ways for small businesses to protect
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What Is a person with significant control?

A person with significant control (PSC) is someone who owns or exercises significant influence over
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Meaning of “bona vacantia”

Bona vacantia is Latin term meaning “ownerless goods”. The bodies that deal with bona
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Reclaiming VAT on a self-build home project

Reclaiming VAT on a self-build home project can significantly reduce the overall cost of building
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Claiming a tax refund from HMRC

If you have paid too much tax to HMRC, you may be able to claim a tax refund. Overpayments can
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Changes to reporting of BiKs

Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced
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Spring Statement 2026

The Chancellor’s Spring Statement, presented to Parliament 3 March 2026, was packed with political
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Why disregarding the minimum wage constitutes modern slavery

The National Minimum Wage (NMW) Act 1998 remains contentious, especially after the introduction of
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Renewed conflict in the Middle East

Renewed conflict in the Middle East is already having knock on effects for the global economy, and
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AI and the future of work: why healthcare remains resilient

As artificial intelligence becomes embedded in everyday business activity, many clients are asking
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Which supplies are zero rated for VAT?

Understanding which supplies are zero rated for VAT is essential for any business. A zero-rated
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Tax effects of letting out part of your home

If you have tenants living in your property, it is important to understand the Capital Gains Tax
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VAT Accountant North East, kp simpson, north east accountants, newcastle accountants, jarrow accountants, south shields accountants,

When not to charge VAT

When issuing invoices, it is important to apply the correct VAT treatment. In some cases, that
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Filling in NIC contribution gaps

National Insurance credits can help qualifying applicants to fill contribution gaps in their
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How to claim child benefits

An application to claim child benefits can usually be made 48 hours after you have registered the
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Creative businesses to benefit from government finance package

The government has announced a new package of measures designed to improve access to finance for
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Why inflation matters when funding pension funds

When planning pension funding, inflation is often acknowledged but not always fully reflected in
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