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Could better digital skills transform your business?
17/08/2026Technology is changing the way businesses operate, and the pace of change is only increasing. While large organisations often have dedicated IT departments, many small businesses still rely on traditional methods that consume valuable time and limit productivity. Improving digital skills can help businesses work more efficiently, reduce...
More...Why successful businesses prepare before conditions improve
17/08/2026Economic uncertainty has affected the confidence of many small business owners. Rising costs, changing customer demand and pressure on cash flow have led some businesses to postpone investment until conditions improve. While this cautious approach is understandable, waiting for the economy to recover before taking action can mean missed...
More...Could you save tax by making a Deed of Variation?
10/08/2026After someone dies, the beneficiaries may find that the way an estate has been distributed does not reflect their wishes or the family’s circumstances. A Deed of Variation can allow beneficiaries to change how inherited assets are passed on and, in some cases, can help reduce the amount of tax payable. It is important to note that any...
More...When do you pay Stamp Duty Land Tax?
10/08/2026Stamp Duty Land Tax (SDLT) is a tax that may apply when you buy land or property in England or Northern Ireland. It is important to check whether SDLT applies before completing a purchase, as the tax can represent a significant additional cost.
SDLT can apply when you buy a freehold property, a new or existing leasehold property, a...
More...Is your business eligible to use cash basis accounting?
10/08/2026Cash basis accounting is a simplified method used by sole traders and other unincorporated businesses to work out income and expenses for self-assessment in a straightforward manner.
The cash basis is the default method for calculating income and expenses for self-employed individuals and partnerships when completing their Income Tax...
More...Making the most of the £1,000 property allowance
10/08/2026The £1,000 property allowance is a helpful for individuals with small amounts of property income. The allowance provides a tax exemption of up to £1,000 a year against gross property income, meaning some landlords may not need to report their income to HMRC.
The allowance applies to income from land or property, such as renting out a...
More...Tax breaks for company bikes
10/08/2026Employers can usually provide bicycles and cycling equipment to employees as a tax-free benefit. The Cycle to Work scheme can help employees save tax and National Insurance on the cost of providing cycling equipment while encouraging more sustainable travel.
Under the scheme, employers can lend or hire bicycles and cyclists’ safety...
More...Amending a mistake on your tax return
10/08/2026What happens if you discover a mistake on your tax return? The good news is that errors can usually be corrected, but it is important to take action as soon as possible to avoid paying the wrong amount of tax or missing out on a possible refund.
If you realise that you have made an error after submitting your self-assessment tax return,...
More...Tax Diary September/October 2026
10/08/20261 September 2026 - Due date for corporation tax due for the year ended 30 November 2025.
19 September 2026 - PAYE and NIC deductions due for month ended 5 September 2026. (If you pay your tax electronically the due date is 22 September 2026)
19 September 2026 - Filing deadline for the CIS300 monthly return for the month ended 5...
More...Five practical ways to reduce business energy costs
10/08/2026Energy costs remain a significant overhead for many UK businesses. Although wholesale prices have eased from the exceptional highs seen in recent years, uncertainty in global energy markets means prices can still fluctuate sharply. For many small businesses, reducing energy consumption remains one of the simplest ways to improve...
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