Common Tax Mistakes and How a Tax Accountant Can Help You Avoid Them
One of the important parts of operating a business is managing taxes. Even with the best bookkeeping practices in place, mistakes can occur. However, these common errors can lead to unnecessary stress, penalties, and even economic instability. Professional guidance from an expert tax accountant in Slough can help ensure compliance with applicable rules and regulations. […]
What insurance cover should a company consider?
Running a small business comes with plenty to juggle, and while insurance might not be the most thrilling task, it is absolutely essential. There is one policy you are legally required to have: employers’ liability insurance (EL). If you employ anyone, EL covers legal and compensation costs if someone falls ill or gets injured at […]
GOV.UK One Login – enhanced security from 13 Oct 2025
From 13 October 2025, access to Companies House WebFiling will require GOV.UK One Login. This replaces the older Government Gateway sign-in and is part of the wider move towards a single, more secure login across government services. When you next log into WebFiling after that date, you will be prompted to connect your existing account […]
Tax Diary October/November 2025
1 October 2025 – Due date for Corporation Tax due for the year ended 31 December 2024. 19 October 2025 – PAYE and NIC deductions due for month ended 5 October 2025. (If you pay your tax electronically the due date is 22 October 2025.) 19 October 2025 – Filing deadline for the CIS300 monthly […]
VAT late filing penalties
New rules mean late VAT filings and payments now trigger points, fines and interest charges. The VAT late filing penalties regime changed for accounting periods beginning on or after 1 January 2023. Under the new system, there are now distinct and separate penalties for late filing of VAT returns and for the late payment of […]
Gifts with reservation of benefit
Gifting assets can cut inheritance tax, but traps like “gifts with reservation of benefit” may undo the plan. The majority of gifts made during a person’s lifetime are not subject to tax at the time they are made. These lifetime transfers are known as “potentially exempt transfers” (PETs). A PET becomes fully exempt from Inheritance […]
Holding over gains on gifts
Gift Hold-Over Relief is a form of Capital Gains Tax (CGT) relief that allows you to defer paying CGT when certain assets, such as qualifying shares, are given away or sold for less than their market value, typically to benefit the recipient. Instead of paying tax at the time of the gift, the gain is […]
What counts as working time for minimum wage purposes
Employers must ensure they are paying staff at least the National Minimum Wage (NMW) or National Living Wage (NLW). The NMW and the NLW are the minimum legal amounts that employers must pay their workers. The latest NMW and NLW rates took effect on 1 April 2025. The current hourly rate for the NLW is […]
Why your tax code might change
The letters in your tax code indicate whether you are entitled to the annual tax-free personal allowance. These codes are updated each year and help employers calculate how much tax should be deducted from your salary. For the current tax year, the basic personal allowance is £12,570. The tax code corresponding to this amount is […]
Are you selling goods or services on a digital platform?
From 2024, platforms like eBay, Vinted and Airbnb must report seller data to HMRC, so check your tax responsibilities. If you sell goods or services on a digital platform it is important to understand your tax responsibilities. This can apply whether your sales are a part-time income source or your main income. Even casual selling online may […]