Budget Summary 2025
This review for 2025 is intended to offer some practical thoughts and insights to our clients, who include self-employed sole traders and owners of limited company businesses, pensioners, landlords and high net worth individuals.
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This review for 2025 is intended to offer some practical thoughts and insights to our clients, who include self-employed sole traders and owners of limited company businesses, pensioners, landlords and high net worth individuals.
From 2025, HMRC will require income, gains, and losses from crypto assets to be reported separately on self-assessment tax returns. For crypto investors, this is an important change and not entirely unexpected, given HMRC has long viewed crypto reporting as a problematic area and the new rules will give them greater…
Starting January 1, 2025, online resale platforms like eBay and Vinted will begin reporting details of sellers to HMRC if their annual online sales exceed £1,700 or if they make more than 30 transactions. This move aims to identify individuals generating undeclared profits from online sales – a growing area of concern for HMRC.
This review is intended to offer some practical thoughts and insights on how changes to the tax system might affect the majority of our clients, who include self-employed sole traders and owners of limited company businesses, pensioners, landlords and high net worth individuals.
HMRC is turning its attention to landlords of short-term property booked through online property sites such as Airbnb & Booking.com…
Welcome to our latest update. I originally drafted this note sitting in my garden one Sunday afternoon in late August, sipping a cold beer in the sunshine, living on the edge as accountants often do! How times have changed in
Looking back with some surprise, it hardly seems possible that we wrote our last update at the end of July. With the recent announcements of further restrictions, new initiatives and extended support, the relative calm and the hot weather of
We have recently seen a series of new measures although these mostly affect the retail and hospitality sectors. As we move into the summer holiday period, many of us find ourselves with greater uncertainty as the lockdown restrictions are slowly
In the last few weeks, we have seen a raft of new guidance from government and HMRC. As the country begins to exit the lockdown, this leaves many business owners with some important decisions to make about how to proceed.
Further to our last post (“Grants: the discretionary scheme”), we believe that local councils are launching application portals on 1 June. If you have not previously received a grant under the Small Business scheme (£10,000) or under the Retail, Hospitality
The past 10 days have seen a good deal of change both in philosophy and in practical measures with much debate in public and private about how we, as a nation, proceed from here. It will be interesting to see
You will undoubtedly have seen reference to the scheme in our recent updates as well as elsewhere in the news media and your own industry press releases. The scheme applies to all sole traders and partners in partnerships or LLPs