With recent increases in National Insurance (NI) contributions, salary sacrifice schemes have...
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4 Apr 2025
What is VAT flat rate scheme?
The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses...
On April 2, 2025, U.S. President Donald Trump announced the imposition of a 10% tariff on all...
27 Mar 2025
Spring Budget 2025 - no significant tax changes
Chancellor Rachel Reeves' Spring Statement of March 26, 2025, addressed the UK's economic...
27 Mar 2025
Boost Your Pension and Reduce Corporation Tax
Running your own business comes with plenty of perks, but did you know that paying pensions through...
13 Mar 2025
Using the VAT flat rate scheme
The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses...
28 Feb 2025
Invest tax efficiently
Tax efficient investment comes with varying risk profiles, from high to low. We look at both ends...
20 Feb 2025
Plan for tax efficient business motoring
Planning for the cost of business motoring is always important. We look here at the change to the...
17 Feb 2025
Dealing with directors’ loan accounts
What are directors’ loan accounts? It is common for director-shareholders in family companies to...
13 Feb 2025
Managing new employer National Insurance rules
Autumn Budget 2024 announced sweeping changes to the National Insurance regime for employers from 6...
24 Jan 2025
12 Accounting Tips this Christmas
As the holiday season approaches, businesses are not just decking the halls - they’re also closing...
If you are self-employed, you will pay tax on your taxable profit. In working out your taxable...
The Annual Investment Allowance (AIA) is a valuable tax incentive in the UK designed to encourage...
1 Nov 2024
Budget to increase taxes by £40bn
After a damning verdict on the inheritance of the public finances from the previous conservative...
Electric cars are increasingly popular, not just for their environmental benefits, but also for...
28 Aug 2024
Telling HMRC you have no Corporation Tax to pay
If you have a company that is dormant and you have filed your company tax return showing that no...
The tax legislation contains a number of exemptions which allow benefits in kind to be provided to...
27 Feb 2024
Year End Tax Planning Guide
With the closure of the 2023 tax year approaching on April 5, 2024, there remains an opportunity to...
8 Feb 2024
Voluntary disclosure
Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors...
6 Feb 2024
Tax and Influencers
Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have...
29 Jan 2024
Registering with the Tax Authorities
A significant task for the new business owner is ensuring that the business is properly complying...
Owners of personal and family companies frequently pay themselves a small salary and extract...
18 Jan 2024
Relief for post-cessation expenses
The end of a business will not necessarily mean that no further expenses are incurred. Where...
9 Jan 2024
The implications of late VAT registration
VAT registration is compulsory for any UK established persons who are in business and make or...
Ever started a new job and felt like you've been thrown into the deep end? It's unsettling, to say...
Puzzling over whether that quick lunch or client dinner can be claimed on your tax return? If so,...
'Tis the season for spreading cheer, and what better way for employers to do so than by gifting...
Today, the Chancellor of the Exchequer, Jeremy Hunt, announced his measures (a whopping 110 of...
19 Oct 2023
10 deductible expenses
If you let out a property, you can deduct the business expenses that you incur when working out...
17 Oct 2023
Do we need to register the business for VAT?
If you make VATable supplies, you will need to register for VAT if your taxable turnover reaches...
3 Oct 2023
How to appeal a tax penalty
There are various reasons why HMRC may issue a tax penalty. You may receive a penalty if you file...
29 Sep 2023
Autumn Statement date set for 22 November
The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on...
HMRC have sent out nudge letters to taxpayers who they believe may have claimed Business Asset...
29 Aug 2023
Minimum wage rates increase from 1 April 2023
Employers should be aware that all minimum wage rates increase on 1 April of each year. This...
There are costs to running a business, and whilst electricity, gas and water seem like obvious...
11 Apr 2023
Rates and thresholds for employers 2023 to 2024
Employers should be aware that from April 2023 several statutory payment rates increase for the...
21 Mar 2023
Tax Rates & Reliefs
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a...
23 Jan 2023
Statutory Pay Rates from April 2023
The UK Government has published the proposed statutory rates for maternity pay, paternity pay,...
12 Dec 2022
Tax Free Christmas Gifts To Staff
This is a timely reminder that employers may make small tax-free gifts to employees and directors...
28 Nov 2022
“Off-payroll” working rules continue to apply
With all of the U-turns on tax policy in the last couple of months, businesses may be confused...
We all have to pay taxes. But what if we told you there are several strategies you can adopt to...
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1...
The Covid-19 pandemic forced large numbers of employees to work from home for the first time....
25 Jul 2022
Tax-efficient finance for your company
HMRC have recently updated their guidance for companies looking to attract investors to buy shares...
Unincorporated businesses and companies planning capital expenditure projects need to be aware of...
The talent shortage continues to place a burden on the economy. As companies struggle to find the...
28 Jun 2022
Deferring capital gains tax on a business asset
The potential to be charged capital gains tax (CGT) arises with the sale or gift of an asset....
The main residence exemption applies for capital gains tax purposes to the extent that a property...
Tax payments for the self-employed or those who declare their income under self-assessment are...
31 May 2022
Advisory fuel rate for company cars
Unbelievably there were very few changes to the HMRC advisory fuel rates from 1 March 2022, which...
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At Inform Accounting, what we do is about so much more than making money and helping our clients manage theirs.
