Resources

What are the pros and cons of being joint tenants vs tenants in common? The right choice is dependent on a variety of factors, such as...

Thinking of buying a second home but want to know if you have to pay second home tax? Look no further. Whether it’s a holiday home or a...

Are you thinking about selling a capital asset – such as a home, investment property or even a piece of art – and not sure what...

The IR35 changes are came into force in April 2021. They were delayed by a year as a result of COVID-19. They affect you if you’re a...

If you’ve recently inherited some money, you may be wondering: do you pay tax on inherited money in the UK? If the person who died left...

Inheritance Tax (IHT) is the tax paid on someone’s estate after they pass away. In the 2023/24 tax year, the standard IHT rate is 40%,...

The usual case If you are physically present in the UK for 183 days or more in a tax year, you will be tax resident in the UK for that...

If you live in the UK and have foreign income, you’ll usually have to pay UK tax on it. You do this by filing a Self Assessment tax...

Eager to leave the UK? Find out when and how to pay UK taxes if you’re on a one-way ticket to another country! Step number one is to let...

Do you sell products or used items on eBay? Use this calculator to work out the Income Tax and National Insurance you owe, as well as...

Using salary sacrifice to reduce the tax you owe is a great hack to be more tax efficient. But how does it work and who actually wants to...

Unless you’re a keen fan of HMRC’s monthly agent update – cue tumbleweed – you may have missed their recent rule change that affects...

Love and tax part 1: Income tax Key points Couples can claim either the married couple’s allowance or the marriage allowance. These are...

You can claim research and development (R&D) tax credits on revenue expenditure, i.e. day-to-day operational costs. But usually capital...

Corporation Tax and relief Corporation Tax (CT) is a tax that must be paid by all limited companies. It is paid against profits the...

Whether you’re looking to invest in a small business or you’re a small business owner, you may have heard of the Enterprise Investment...

So here we are, the Spring Statement. It feels like just the other day when the Autumn Budget was announced and the Chancellors were...

Did you lose your P60 or your P45? It actually happens quite often and is nothing to worry about. Here, we’ll discuss what these forms...

If you don’t know the tax return deadline, you must be new to the world of Self Assessment. If you’re not, then we assume you’re a...

If you’ve received a penalty notice from HMRC, don’t worry (too much) because all is not lost! You can often appeal a Self Assessment...

An accountant is someone who helps businesses and individuals to stay on top of their financial affairs. There’s a wide range of...

So, is there a crypto tax in the UK? Whilst cryptocurrency is a relatively new asset, the regulations surrounding it are still being...

You’ve just been promoted, you’ve got a big commission from your sales. Maybe you got a bonus as a reward for your hard work? Or simply,...

The Let Property Campaign is what HMRC describes as the “opportunity” (take that as you will) for landlords to disclose their rental...