General News

Budget announcement:
Budget announcement: MTD expanded to include more taxpayers

Budget announcement:
Nathan Brady
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MTD expanded to include more taxpayers The Chancellor’s recent budget brought several significant tax updates, but one less-publicised announcement will catch the eye of many in the accountancy profession. Plans…

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What does the 2024 Autumn Budget mean to the small business community
What does the 2024 Autumn Budget mean to the small business community

What does the 2024 Autumn Budget mean to the small business community
Nathan Brady
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The Chancellor of the Exchequer presented her Autumn Budget on 30th October and there are several areas which will impact the small business community. The following details the top 4…

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How does a director pay themselves?
How Does A Director Pay Themselves

How does a director pay themselves?
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A company director of a UK business has several options in terms of how they pay themselves. This can be through a combination of salary, dividends and other compensation methods.…

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Typical payroll mistakes
Typical Payroll Mistakes

Typical payroll mistakes
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Running payroll might seem an easy process but it can actually be a complex task due to the regulations, tax codes and legal requirements. Even an experienced business owner can…

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Explaining pre-pack administration
Explaining Pre-Pack Administration

Explaining pre-pack administration
Nathan Brady
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When a business has entered insolvency (a financial situation when a company is unable to pay its debts), pre-pack administration will play a key part in its closure. It enables…

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How do you close a business
How Do You Close A Business

How do you close a business
Nathan Brady
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Running a business can be incredibly rewarding but at some point, owners will come to a stage where they no longer want to keep trading. This could be due to…

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Understanding UK capital gains tax on assets
Understanding UK capital gains tax on assets

Understanding UK capital gains tax on assets
Nathan Brady
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Capital Gains Tax (CGT) not only applies to property but also to any asset which is sold and has increased in value from when it was first purchased. Items such…

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Understanding UK capital gains tax on residential properties
Understanding UK capital gains tax on residential properties

Understanding UK capital gains tax on residential properties
Nathan Brady
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Capital Gains Tax (CGT) is classed as a levy which needs paying once a second home or a buy-to-let property has been sold. If a property has been owned for…

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Explaining child benefit
Explaining child benefit

Explaining child benefit
Nathan Brady
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Explaining child benefit Child benefit is a government initiative that was developed to help families with the cost of raising children. In essence it is a form of social welfare…

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Increases to minimum wage
Increases to Minimum Wage

Increases to minimum wage
Nathan Brady
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April has bought a change in the national living wage; it has risen from £10.42 to £11.44 per hour. This applies to anyone who is 21 and over. The changes…

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