Latest News
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Weekend November PAYE deadline
The next electronic payment deadline for PAYE falls on a weekend. What do you need to do?
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Compliance check tool gets an update
If you are on the receiving end of a compliance check, you might head to HMRC’s bank of online information to find out what to do. However, this can be overwhelming. How can an updated tool help you to get the correct information for your circumstances?
Newsletters
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Are IHT changes coming?
You’re seeing a lot of speculation in the press about further changes to inheritance tax (IHT) in the upcoming Budget, including a cap on the amount you can give to your loved ones. Would you be better off making gifts before the Budget date?
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Company motorbikes - a two-wheeled tax trap?
You’ve taken on a youngster as a general assistant for your business. The role includes making local deliveries for which your firm provides a motorbike. This could trigger unexpected tax and NI charges. What steps can you take to avoid them?
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Monthly Focus
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MONTHLY FOCUS: TAX PLANNING FOR MARRIED COUPLES (TRADERS AND COMPANIES)
Married couples have been taxed separately rather than as a unit since 1990. There are a number of strategies married couples (and civil partners) can adopt to save tax. This Monthly Focus looks at business-related income planning.
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MONTHLY FOCUS: PENSIONS AND INHERITANCE TAX
Starting in April 2027, all unused pension funds will be pulled into the inheritance tax (IHT) net. In this Monthly Focus, we look at the proposed changes and how they might affect your estate’s IHT liability.
Practical Guides
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Should you consider PAYE collection for HICBC?
The 2025 Spring Statement announced the start date for collecting the high income child benefit charge (HICBC) through PAYE. One of our clients who was considering not claiming child benefit altogether, has asked whether they should move to the new PAYE process. What do they need to know?
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Do you need to adjust CGT 2024/25 calculation?
If you made a chargeable gain in 2024/25 on or after 30 October 2024, it may be necessary to adjust the capital gains tax (CGT) liability calculated by HMRC’s self-assessment tax return software. When is an adjustment required and how is it calculated?
Tools and Calculators
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Income tax calculator
The introduction of special tax allowances, rates and rate bands which interact differently depending on your level and type of income has made the calculation of income tax liability far from straightforward. Our calculator can be used to work out your income tax liability, and can be used where you receive any combination of earnings, savings income, dividends and most other types of income. It will also calculate any adjustment required to finance costs relating to letting income.
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Company car capital contribution calculator
A company car is taxed according to its list price. This can be reduced if you make a capital contribution towards the purchase of the car. This calculator shows you how much tax could be saved.
Tax Documents
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Alternative ways to challenge HMRC
After several months of trying to get your point across to HMRC you’re getting nowhere. Might a formal review help resolve the issue and how do you go about applying for one?
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Director's or employee's loan account record
Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than
Calendar
* All dates are subject to possible adaptations