Tax and Accounting Blog
Making Tax Digital for Income Tax from April 2026: A Guide for UK Sole Traders and Landlords
From 6 April 2026, HMRC will introduce a significant change to how UK sole traders and landlords report their income. Under Making Tax …
Joint Property Ownership in the UK: Clear Tax Rules for Landlords and Property Owners
Joint property ownership is a common arrangement for residential and investment properties across the UK. Whether you share ownership with …
Lifetime ISA Explained: Why You Should Open One Before Age 40
For many individuals across the UK, particularly those aged 18 to 39, there is a valuable financial planning opportunity that …
Self Assessment Tax Return Deadlines: Avoid Late Filing Penalties UK
For UK taxpayers, Self Assessment penalties rarely occur because people refuse to comply. They usually happen because deadlines are misunderstood, …
Maintenance Payments Relief Explained: A Rare Historic HMRC Tax Relief Still Relevant for Some
UK tax legislation includes a number of historic reliefs that continue to exist under transitional rules, even though they no …
UK Budget 2025: Key Tax Impacts for HNWIs, Property Investors & Global Families
The Chancellor’s 2025 Budget marks a strategic recalibration rather than a radical overhaul of the UK tax system. While much …
Budget 2025 – Key Summary & What It Means for You
The UK Government’s Budget 2025 sets out major reforms to support households, strengthen public services, modernise taxation, and drive long-term …
UK Budget 2025 Highlights: What UK Taxpayers Should Know About the New Changes
The UK Budget 2025, presented by Chancellor Rachel Reeves, introduces significant tax and financial changes that will impact individuals, families, …
2024–25 Self-Assessment: HMRC Changes, Key Dates, and What UK Taxpayers Should Know
For UK taxpayers, the Self-Assessment season can feel overwhelming especially when the rules change or deadlines approach quickly. This guide …
UK Inheritance Tax – Chargeable and Non-Chargeable Assets
This memorandum summarises the assets chargeable and non-chargeable for UK Inheritance Tax (IHT), distinguishing between UK-domiciled (or deemed-domiciled) individuals and …
Companies House ID Verification Deadline UK 2025: A Must-Read for London Directors
If you’re a company director in London, an important compliance change is coming your way. By 18 November 2025, all …
UK Tax Residency Checklist (Statutory Residence Test – SRT)
This checklist is designed to help individuals and businesses understand how HMRC determines UK tax residency under the Statutory Residence …
Register for Self Assessment by 5 October 2025 – Avoid HMRC Penalties
If you’re earning money outside of regular PAYE employment whether through self-employment, property rental, freelancing, or even side hustles you …
Payroll in the UK: Regular Payroll vs Tronc Payroll – A Complete Guide for Employers
What is Payroll and How Does It Work in the UK? Payroll is the process that ensures your employees are …
6 Things You Should Know About Making Tax Digital for Income Tax
Making Tax Digital (MTD) for Income Tax will be one of the largest changes to personal tax in a generation.It’s …
Key Self-Assessment and MTD for Income Tax Deadlines You Should not Miss
Staying on top of your tax obligations is essential to avoid penalties, interest charges, and unnecessary stress. With Making Tax …
Understanding HMRC Tax Enquiries: Types, Triggers & How to Respond
If the enquiry is simple and you’re confident with your records, you may handle it yourself.However, for anything more than …
VAT Treatment of Private Tuition: What Every UK Tutor Must Know
In the UK, thousands of individuals earn their living as private tutors—teaching everything from maths and English to science, music, …
Making Tax Digital for Self Assessment: Dual Guide for Landlords & Sole Traders
Are you a landlord or sole trader in the UK earning more than £30,000? If so, a major change is …
Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025
Selling goods or digital services online has never been easier — but with new tax rules coming into effect in …
Sole Trader to Ltd Company in UK: HMRC Rules, Tax Savings & Legal Steps in 2025
Switching from a sole trader to a limited company in the UK is a big step—and a smart one for …
Spring Statement 2025 Key Updates for UK Businesses and Taxpayers
The Spring Statement 2025 brought significant updates to the UK’s economic landscape, focusing on financial stability, public spending, tax changes, …
Essential Tax Deductions for UK Doctors and Medical Professionals
Tax season can feel overwhelming, especially for doctors and medical professionals in the UK. With busy schedules and complex finances, …
Allowable Expenses for Sole Traders
As a sole trader in the UK, managing your finances is critical to running a successful business. One way to …
HMRC to Fine UK Households £100 for Missing Self-Assessment Tax Return Deadline
Starting January 2025, HMRC will impose a £100 fine on UK households that fail to meet the Self Assessment Tax …
Get your self assessment tax return (SATR) done in these holidays: Avoid the Last-Minute Rush
The holiday season is upon us! As we prepare for Christmas 2024 and the excitement of New Year 2025, there’s …
Self Assessment Tax Return Advice for Cryptoasset Users Before the Deadline
As the deadline for filing Self Assessment tax returns approaches, cryptoasset users find themselves navigating through the complexities of tax …
Stamp Duty Changes 2025: What It Means for Buyers and Sellers
Stamp duty is a tax paid by property buyers when purchasing a property or land. Recent updates, especially the stamp …
Forensic Accounting and Advisory Services: Brayan & Spencer Associates
Forensic accounting combines accounting expertise with investigative techniques to detect and analyze financial crimes such as fraud, embezzlement, and money …
How to Cancel a Winding Up Order: A Step by Step Guide
If your company has received a winding-up order, it’s a critical situation, but not necessarily the end of the road …
Family Investment Companies (FICs): A Tax-Efficient Wealth Management Solution for UK Families
A Family Investment Company (FIC) is a private company structure in the UK, commonly used by families to manage and …
UK Budget 2024 -2025: Key Tax Changes Impacting You and Your Finances
The 2024-2025 UK budget has been released, and while it doesn’t bring sweeping changes, some important adjustments could affect both …
Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK?
Inheritance tax (IHT) can be a challenging subject, especially for individuals domiciled in India who have connections or assets in …
F Gas Auditing: Submit your Report Before the Deadline, Avoid Fines
Are you using fluorinated gases (F-Gases) in your business? If so, you’re not alone. These versatile gases are used in …
Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK
Are you someone who works independently in the UK, like a freelancer or contractor? It’s great to have the freedom …
Get Your Annual Report Done Right & Fast: The Power of a Company Secretary
The role of a Company Secretary in the United Kingdom is pivotal in ensuring that a company complies with its …
Tax Implications of Remote Working for London Employees in 2024
In today’s digital age, remote working has become the norm for many Londoners. Whether you’re a seasoned freelancer or a …
Spring Budget 2024: Key Changes for Employers and Employees (UK)
The Spring Budget, delivered by Chancellor Jeremy Hunt on March 6, 2024, outlined the government’s plans for tax reform and …
Tax Benefits of Marriage in the UK: Understanding What Applies to You
Getting married is a momentous occasion filled with love, commitment, and, believe it or not, potential tax benefits! While financial …
10 Mistakes Londoners Make with Their Property Taxes
Property taxes are an inevitable aspect of homeownership in London, and while they may seem straightforward, many Londoners often make …
Check 5 Signs Your London Business is on the Right Track
Running a successful business in London requires more than just a goal, it demands a keen eye on financial health …
Tax Free Childcare: Save up to £2,000 a year on childcare for UK Families
Are you a hardworking parent in the UK, striving to make ends meet while juggling the demands of your career …
Tax Tips for Maximizing Your Business Profits during Christmas 2023
The holiday season is not only a time for festive cheer but also a crucial period for businesses to strategize …
5 Tax Saving Techniques for Londoner with a Household Income of 20,000 GBP
As a Londoner with a household income of 20,000 pounds, you may be wondering if there are ways to save …
Business Tax Advice for Limited Companies and Sole Traders in UK
When it comes to taxes, proper planning is crucial for both limited companies and sole traders in the United Kingdom …
How the UK self-employed are reducing their tax bill: Secret Hacks
This article will help you understand how self-employed people in the UK can save money on their taxes. We’ll share …
How UK Contractors and Subcontractors Are Getting Maximum CIS Tax Returns: Learn These Hacks
In the UK, subcontractors and contractors in the construction industry often deal with the Construction Industry Scheme (CIS) for their …
How Clinics and Hospitals in the UK are Benefiting from VAT Exemption
In the United Kingdom, healthcare is vital for keeping people healthy and happy. Places like clinics and hospitals are very …
Capital Gains Tax in the UK: How an Accountant Can Help
Capital Gains Tax (CGT) can be a complex area for many individuals and businesses. Whether you’re a seasoned investor or …
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Making Tax Digital for Income Tax from April 2026: A Guide for UK Sole Traders and Landlords
From 6 April 2026, HMRC will introduce a significant change to how UK sole traders and landlords report their income. Under Making Tax Digital for Income Tax, individuals with qualifying income above £50,000 will no longer rely solely on an annual Self Assessment return. Instead, they will be required to keep digital records and submit updates throughout the tax year. This change is part…
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Joint Property Ownership in the UK: Clear Tax Rules for Landlords and Property Owners
Joint property ownership is a common arrangement for residential and investment properties across the UK. Whether you share ownership with a spouse, partner, friend, or business associate, it’s essential to understand how HMRC treats joint ownership especially when it comes to tax reporting and compliance or UK landlords and property owners. This guide explains the official rules and obligations under UK tax law and…
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Lifetime ISA Explained: Why You Should Open One Before Age 40
For many individuals across the UK, particularly those aged 18 to 39, there is a valuable financial planning opportunity that is frequently missed not because it is complex, but because the deadline is poorly understood. The Lifetime ISA (LISA) is a government-backed savings and investment vehicle designed to support first-time buyers and long-term retirement planning. However, it comes with a strict age condition that…
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Self Assessment Tax Return Deadlines: Avoid Late Filing Penalties UK
For UK taxpayers, Self Assessment penalties rarely occur because people refuse to comply. They usually happen because deadlines are misunderstood, registration is delayed, or filing is left too late to correct issues. For the 2024–25 tax year, HMRC requires your online Self Assessment tax return to be submitted by 31 January 2026. This date is fixed in law. HMRC systems apply penalties…
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Maintenance Payments Relief Explained: A Rare Historic HMRC Tax Relief Still Relevant for Some
UK tax legislation includes a number of historic reliefs that continue to exist under transitional rules, even though they no longer apply to modern financial arrangements. One of the least understood examples is Maintenance Payments Relief, a provision that may still reduce a tax bill for a very limited group of taxpayers. Because this relief…
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UK Budget 2025: Key Tax Impacts for HNWIs, Property Investors & Global Families
The Chancellor’s 2025 Budget marks a strategic recalibration rather than a radical overhaul of the UK tax system. While much public speculation focused on sweeping reforms to wealth taxation, capital gains, and property levies, the final Budget confirms a more measured approach. For private clients, property investors, trustees, and internationally mobile families, the significance of…