CIS Penalties Cancelled – £10,000 Saved for Our Client When one of our clients repeatedly failed to send over his subcontractor hours each month, we warned him that CIS penalties would soon follow. However, he continued to delay. As a result, 18 months later, he opened his post to find 82 penalty notices from HMRC, […]
Today, the Autumn Budget 2025 briefly appeared on the Office for Budget Responsibility (OBR) website nearly an hour before the Chancellor delivered the official statement. Because the leak gave taxpayers an unexpected early preview, the following breakdown highlights the key changes and explains what they mean for both individuals and businesses. Income Tax and National […]
Case Study: How Smart Tax Planning Helped a Small Business Achieve Tax Savings Reviewing Business Structures for Maximum Tax Savings Earlier this year, in March, we carried out detailed tax planning for our clients. With the April tax changes coming into effect, it was the perfect opportunity to review business structures and ensure clients […]
Case Study: Partner Buy Out Tax Planning Saves £16,000 When it comes to business ownership changes, partner buy out tax planning can make a huge difference. One of our clients experienced this first-hand when he bought his business partner out. The transaction left him with a significant overdrawn directors’ loan balance, which carried a 32.5% […]
Case Study: Self-Employed Builder Overcomes HMRC Tax Challenge A self-employed builder came to us after experiencing difficulties with HMRC. Although he had always prepared and submitted his own VAT and Self-Assessment Tax returns, his 2015 return was flagged for review. In January 2017, HMRC questioned his claims for depreciation and bad debt relief, which created […]
What Happens If You Don’t Tell HMRC You’re No Longer Self-Employed Many people think once they stop trading, their tax obligations end automatically. Unfortunately, that’s not the case. If you’ve ever been self-employed, it’s crucial to inform HMRC when you stop. Otherwise, HMRC assumes you’re still trading, and the tax system continues in the background […]
How to Write a Business Plan That Sets You Up for Success Writing a business plan can feel like a daunting task, especially if you’re just starting out. However, having a clear and well-structured plan is essential for any entrepreneur or business owner who wants to improve their chances of success. A well-written business plan […]
Understanding Your Tax Code: What It Means and Why It Matters Your tax code is more than just a random set of letters and numbers on your payslip—it’s how HMRC works out how much income tax you should pay. Knowing what your tax code means can help you avoid overpaying or underpaying tax, especially […]
⚠️ Case Study: Pension Advice and Support Could Have Saved £27,000 Tax Bill This case shows just how costly it can be to act without proper pension advice and support. One of our clients wanted to cash in his pension and pay off his mortgage. Instead of speaking to us first, he found a number […]
📚 Case Study: Payroll Advice and Support Avoids £500/Day Auto-Enrolment Penalties Getting payroll advice and support early can prevent serious penalties. One of our new business clients, facing cash flow issues, wanted to keep accounting fees low. We helped by sourcing a qualified bookkeeper to handle day-to-day data entry, while we reviewed their quarterly VAT […]