Expert insights, tax tips, and business advice from our team of chartered accountants.
Corporation tax is 19% below £50,000 and 25% above £250,000, but those limits are divided by the number of associated companies you have. A dormant company or a spouse's business can change your rate, and HMRC has been writing to companies that got it wrong.
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Business Asset Disposal Relief cuts capital gains tax to 18% on up to £1m of qualifying gains. The rate has risen twice in two years, from 10% to 14% to 18%, and the conditions catch people out more often than the rate does.
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Two capital allowances both give 100% relief in year one, and most businesses don't need to choose between them. Here's what each covers, why full expensing has no cap, why cars are excluded from both, and the disposal trap that catches companies later.
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A car allowance is just salary, taxed at your marginal rate with National Insurance on top. A company car is taxed on a percentage of list price, which for an electric car is 4%. That gap is why the answer flipped in the last few years.
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Selling to an Employee Ownership Trust used to be completely free of capital gains tax. From 26 November 2025 only half the gain is exempt, and BADR can't be claimed on the other half. Here's what an EOT is, what the conditions are, and how the sums now compare.
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Most people stay with an accountant they've outgrown because switching feels risky. It isn't. You write one email, the new firm handles professional clearance and authorisations, and your records move across. Here's exactly what happens and what can go wrong.
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Most owner-managed businesses are valued on a multiple of adjusted profit, but the adjustments matter more than the multiple. Here's how the common methods work, what pushes a multiple up or down, and why a valuation is a starting point rather than a price.
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S455 is a 33.75% charge on a director's loan that's still outstanding nine months after your company year end. It's refundable, but only once the loan is repaid, and the refund is slower than most directors expect. Here's how it works and how to get it back.
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Emergency tax codes, BR, 0T, K codes and the rest, explained in plain English. How to tell if your tax code is wrong, what each letter means, how to get HMRC to fix it, and how to claim back what you overpaid.
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Received an HMRC nudge letter? Here's how HMRC's AI picks who gets one, the live 2026 campaign list, whether to sign the certificate of tax position, and how to respond within 30 days without making things worse.
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