Selling your home should feel like a step forward not a financial setback. Yet across the UK, thousands of homeowners are discovering that they’re walking away with far less profit than expected. In some areas, especially London, a growing number of sellers are even selling at a loss.On average, sellers lose thousands of pounds due […]
Benefits in Kind (BiKs) are extras that employers provide to staff in addition to their wages. These benefits often have a tax cost. Common examples include company cars, private medical cover, and other workplace perks. Many benefits are reported to HMRC after the tax year ends. This can lead to mistakes and unexpected tax bills
Buying property in the UK doesn’t just mean paying the purchase price, Stamp Duty Land Tax (SDLT) is one of the biggest extra costs. The good news is that traders and investors can reduce this expense. This article explains what a stamp duty relief claim is, how it applies to probate property purchases, and how
The UK government abolished the Furnished Holiday Lettings (FHL) tax regime on 6 April 2025, ending the special tax treatment for short-term rental properties. This major change has raised questions among FHL owners about what tax reliefs and allowances will still be available to them. While many benefits are being removed, certain FHL tax reliefs
Calculating CIS deductions correctly is important for both contractors and subcontractors in 2026. Under the Construction Industry Scheme, contractors must take the correct deduction from eligible payments and send it to HMRC. This deduction counts as an advance payment towards the subcontractor’s tax and National Insurance. It is usually worked out after excluding VAT and
Finding affordable accountants is crucial when starting and running a small business, especially for those who want to take services from a firm based in London. Starting a small business is an exciting adventure, but it also presents a number of challenges, particularly when it comes to managing finances. One of the most important decisions you’ll make is choosing the right accountant. But how do you find an accountant who offers the best value without compromising the quality of service? In this article, we’ll guide you through the steps to help you find the best accounting solutions that are within your budget and meet your small business needs.
Making Tax Digital for Income Tax is now in effect for many sole traders and landlords in the UK. From 6 April 2026, anyone with qualifying income over £50,000 must keep digital records and use compatible software to send updates to HMRC. You need to record your self-employment or property income and expenses digitally and
The Annual Tax on Enveloped Dwellings (ATED) is a UK tax applied to residential properties worth over £500,000 that are owned by companies, partnerships with corporate partners, or collective investment schemes. This tax aims to prevent the use of corporate structures to avoid certain taxes on high value residential properties. If your company owns such property, understanding ATED rules is important to staying compliant and avoiding penalties. In this article, we explain who must file, when to file, how the tax is calculated, and what reliefs and exemptions might be available.
