Selling goods or digital services online has never been easier — but with new tax rules coming into effect in 2024 and beyond, staying compliant has become more important than ever. One major development is the Digital Services Tax (DST), which HMRC describes as a 2% tax on the revenues of large search engines, social […]
Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025 Read More »
Switching from a sole trader to a limited company in the UK is a big step—and a smart one for many growing businesses. With the right approach, it can lead to major tax savings, better protection, and a more professional business structure. But what are the exact steps? What does HMRC need from you in
Sole Trader to Ltd Company in UK: HMRC Rules, Tax Savings & Legal Steps in 2025 Read More »
The Spring Statement 2025 brought significant updates to the UK’s economic landscape, focusing on financial stability, public spending, tax changes, and compliance measures. This post provides a detailed yet easy-to-understand overview of the key announcements, helping individuals and businesses plan effectively. Public Spending Reductions: A Step Towards Fiscal Responsibility The UK government has announced measures
Spring Statement 2025 Key Updates for UK Businesses and Taxpayers Read More »
Tax season can feel overwhelming, especially for doctors and medical professionals in the UK. With busy schedules and complex finances, it’s easy to miss out on valuable tax deductions for doctors. But don’t worry! Understanding the essential allowable expenses for doctors can save you money and make tax filing less stressful. In 2025, there are several key deductions
Essential Tax Deductions for UK Doctors and Medical Professionals Read More »
As a sole trader in the UK, managing your finances is critical to running a successful business. One way to ensure you’re not paying more tax than necessary is by understanding allowable business expenses for sole traders. These are costs you can deduct from your taxable profit, ultimately reducing your tax liability. Below, we’ll break
Allowable Expenses for Sole Traders Read More »
Starting January 2025, HMRC will impose a £100 fine on UK households that fail to meet the Self Assessment Tax Return deadline. With just over a month left to file, it’s crucial for taxpayers to act quickly to avoid penalties. If you’re one of the millions who need to file, it’s important to stay on
HMRC to Fine UK Households £100 for Missing Self-Assessment Tax Return Deadline Read More »
The holiday season is upon us! As we prepare for Christmas 2024 and the excitement of New Year 2025, there’s no better time to get your Self Assessment wrapped up in time for Christmas. Completing your Self-Assessment Tax Return (SATR) early not only saves you stress later but ensures you can enjoy the holidays without
As the deadline for filing Self Assessment tax returns approaches, cryptoasset users find themselves navigating through the complexities of tax regulations, ensuring compliance with the HMRC. In this guide, we’ll explore essential advice for cryptoasset users to streamline the process and avoid penalties before the looming deadline. Understanding HMRC Tax Penalties on Crypto Tax :
Self Assessment Tax Return Advice for Cryptoasset Users Before the Deadline Read More »
Stamp duty is a tax paid by property buyers when purchasing a property or land. Recent updates, especially the stamp duty changes for first-time buyers, are set to take effect in April 2025, bringing new rules that buyers, sellers, and investors must understand. What Are the Stamp Duty Changes for First Time Buyers? For first-time
Stamp Duty Changes 2025: What It Means for Buyers and Sellers Read More »
Forensic accounting combines accounting expertise with investigative techniques to detect and analyze financial crimes such as fraud, embezzlement, and money laundering. Forensic accountants specialize in tracing funds, identifying hidden assets, and assisting with asset recovery. They also conduct thorough due diligence reviews and provide clear, detailed reports for legal purposes. Forensic accounting plays a crucial
Forensic Accounting and Advisory Services: Brayan & Spencer Associates Read More »
