News & Updates

From 6 April 2020 the threshold for Class 1 National Insurance Contributions will rise to £9,500 a year, meaning that a typical employee will save around £104 a year. - Read More

On 6 April 2020, a major new rule comes into effect regarding the speed with which you must report and pay any Capital Gains Tax (CGT) on residential property disposals. - Read More

When the Chancellor makes his Budget speech on 11 March, will he take on board any of the recent recommendations he's received to simplify Inheritance Tax or even scrap it entirely? - Read More

Many people are unaware of their National Insurance contributions history, but it's important to check as it could help you avoid any nasty surprises when you reach state retirement age. - Read More

The Office of Tax Simplification has released two surveys, one for landlords and one for small business owners, to establish if you want to know your tax liabilities. - Read More

Christmas is miles away, let alone January. So why on earth would you file your Self Assessment tax return now, over 4 months before the deadline? - Read More

The Office of Tax Simplification has undertaken a detailed review of Inheritance Tax, and proposed several changes to this complicated tax which could have significant implications. - Read More

The high income child benefit charge has put many people off claiming child benefit, but beware - this may limit the amount of state pension which you can claim at a later date. - Read More

The start of the new tax year means that if you are a shareholder or director you may wish to review your salary and dividend mix for 2019/20 to ensure you're as tax efficient as possible. - Read More

Plans are afoot to introduce a sliding scale of probate fees based on the value of an estate. Meanwhile HMRC has introduced a temporary process for probate. - Read More

Did you know you can pass your home on to your children at any time, even if you still live in it? It may seem a great idea, but it's a complicated area which can carry some major drawbacks. - Read More

Class 2 NICs for the self-employed were due to end next April, but the government has now changed its mind. We explain why, and how you can check your NI contribution history. - Read More

If you own a property with your spouse, tax legislation states that you are entitled to an equal share of any income you receive from this jointly owned property, unless you complete Form 17 - Read More

The Office of Tax Simplification (OTS) has published a new report which looks at how people’s savings income is taxed, and has identified areas where it might be simplified. - Read More

Tax-free Childcare versus Childcare Vouchers - which scheme is best? Paul Cox examines the differences between each of these schemes, to help you decide which one you might be eligible for and which will offer you the best savings on your childcare costs. - Read More