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From details on the latest government Budget to accountancy information, tax insights, and staff news, we've got you covered.

Daily penalties come in for late self assessment returns

16th May 2024

Around 1.1 million taxpayers who failed to submit the self assessment tax return for 2022/23 on 31 January 2024 now face a £10 daily penalty charge by HMRC.

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The importance of a well-drafted will

16th May 2024

The risk of relying on homemade wills was highlighted in a recent case where a will was held to be invalid. Even a well-written will must be kept up to date given the possibility of future inheritance tax (IHT) changes.

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Electric vehicles can boost income with salary sacrifice

16th May 2024

It may seem counter-intuitive, but taking a pay cut and opting for a salary sacrifice scheme with an electric car can boost take-home pay thanks to tax and national insurance contribution (NIC) savings.

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Buy-to-let owners selling up

3rd May 2024

While the higher rate of capital gains tax (CGT) on residential property disposals has dropped by 4%, from 28% to 24%, from 6 April 2024, the vast majority of landlords who sell up are facing a higher CGT bill when compared to two years ago.

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