Latest Business Support

Here’s our quick overview of Freeports, what they are and what benefits they offer.   On 20 November 2023 the Government announced that the window to claim Freeport tax relief in England will be extended to September 2031. This is however conditional on the Freeport developing a satisfactory plan for Levelling Up, Housing and Communities.…

Did you know that there is finance available for start ups?   Starting in business can be an expensive task and a lot of businesses are not always aware of the funding that is available from the government to help with this.   Where to start The most popular is the government backed start up…

What are directors’ responsibilities? As a director, you are legally responsible for running the company. This must be done in line with both the articles of association and Companies Act 2006.   A key role is to ensure that all statutory reporting requirements are met. This includes, but is not limited to: Filing the annual…

Beware of Self Assessment scams! More than 11.5 million tax returns have been submitted for the 2022/23 tax year and fraudsters are focusing on these. Taxpayers have reported to be receiving emails, phone calls or text messages offering a tax rebate. These are phishing scams and are designed to use your personal details for selling…

If you are married or in a civil partnership, you may be entitled to a tax refund of up to £1,256.   It has been reported that over 2 million qualifying couples miss out on the Marriage Allowance, despite it being really easy to apply. If the claim is made outside of the Self Assessment…

With the tax year end approaching, we are busy assisting our clients with end of year planning. Pension contributions before 6 April 2024 are a valuable planning tool for all taxpayers, whether they are self-employed, Company directors or employees. Additionally we also have opportunity to support our clients when it comes to occupational schemes which,…

Thinking of offering your property for short term lets? Planning permission may be required.   What’s Changing? From this summer the Government will introduce legislation to require owners of new short term lets in England to secure planning permission to use their properties for this purpose. You will need to be aware of this requirement…

If you owed Income Tax or Capital Gains Tax via Self Assessment for the 2022/23 tax year, this should have been paid by 31 January 2024. Interest will be accruing on any unpaid tax at a staggering rate of 7.75%.     If you cannot pay your Self Assessment tax bill and need help, you…

Thinking of selling your garden? Then make sure you read this…   You may be thinking of selling off some surplus land to a developer. If this is part of your garden, you might be thinking it’s tax free because it’s attached to your home. However, before you agree any sale, it’s important to understand…

Since The Economic Crime and Corporate Transparency Act (ECCTA) received royal assent in October 2023, a number of measures have since been rumoured. Companies House have now announced the below provisions that are planned to come into force on 4th March 2024. These changes hinge on the secondary legislation passing through parliament and will not come into…