The good, the bad and the surprising. We explain how the Autumn Budget impacts your personal and business finances.

The government has announced that two popular business investment incentives, offering a number of tax breaks, have been extended.

Which is right for you will depend on your business goals and personal circumstances. Our aim with this article is to help you understand the differences and help you to make an informed choice.

The installation of some specified ESMs in residential accommodation is now zero rated for VAT, a change that took effect on 1 February 2024. 

There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal. Each will have different tax implications.

HMRC has made it clear that individuals holding cryptoassets, like Bitcoin, need to pay tax on any income or gains that have been made.

HMRC has confirmed that all partners subject to corporation tax are eligible for enhanced capital allowances.

Overlap relief will now be used to reduce additional taxable profits in the tax year 2023-24 due to basis period reform. And we’re now able to do this for you online.

If you’ve built your own home, or completed part of the build project yourself, under the VAT homebuilders’ scheme you’re entitled to reclaim the VAT paid on materials.

For the self-employed, the cash accounting basis will replace accruals as the standard tax reporting method for 2024-25 (first year of tax year accounting).

This very much depends on whether you’re trading or not. Or in other words, are you making a profit from it?

One way to mitigate the Corporation Tax liability for your company is to pay employer pension contributions for its director(s).

Personal pension contributions will attract tax relief at the individual’s marginal (top) rate of tax. This can be achieved via an employer pension scheme or a personal pension arrangement.