The 2026/27 tax year is now underway, and although many key tax rates have not changed, benefit freezes and reductions continue to pull more taxpayers into higher tax brackets. Here’s our overview. Personal tax rate Personal allowances and income tax thresholds remain frozen until April 2028: Personal allowance: £12,570 Basic rate limit:20% from £12,571 to […]
Case Study: Sorting a Complex Crypto Tax Refund Scenario Mr. A has been investing in crypto for several years and things are gradually progressing. What started as just buying and selling evolved into a much more complex portfolio, involving trading on multiple exchanges, moving coins between wallets, swapping tokens, and earning staking rewards. When the […]
Find out what our members are asking this month… I set up an LLP account for a partnership consisting of a husband and wife running a small business. For this example, let’s say I charge £2,000+VAT for the LLP account/partnership tax return, and £250+VAT per personal tax return to report the partnership’s share of profits. […]
Discover and solve the problems that are preventing many businesses from achieving their targets Every business owner wants to see one thing. They invest their time, money and energy into it. And they scour their numbers, looking for it: growth. We know that in business, “growth is the goal.” But there is a trap that […]
It’s not always about the numbers! Talking about taxes, it’s not always just about numbers. HMRC also cares about how you behave and cooperate with them. Errors on your tax return? What would you do? Let’s say you made a pretty big mistake on your tax return. What are you doing? Did you address the […]
The tax environment for residential property investors will become increasingly stringent in the coming years. From April 2027, landlords will be subject to higher rates of income tax on rental income, followed by an additional annual surcharge on higher value homes from April 2028. For many buy-to-let investors, particularly those with larger portfolios or large […]
Huge VAT Refunds for Online Re-Sellers Introduction One of our accounting partners contacted their client, an online shoe retailer who was incorrectly charging VAT on export sales via an e-commerce platform. They needed our expertise to help obtain a VAT refund from HMRC on their client’s VAT overpayment. Client background is a specialist luxury coach […]
Introduction When people think about tax increases, they usually see the obvious, such as changes in tax rates or new regulations being introduced. In reality, most of the tax increases in recent years have come from something quieter: frozen tax limits. More and more people are realizing that they are paying higher taxes without any […]
‘Mass Resignation’, a large wave of employees leaving their jobs in unprecedented numbers over the past few years. Since the pandemic, many people have reevaluated their priorities, seeking a better work-life balance, more meaningful roles, flexible work opportunities and growth. This trend shows no signs of slowing and reflects a broader shift in generational expectations […]
Find out what our members are asking this month… My client has a company that received a qualifying EIS investment of £350,000 on 29 August 2023. The nominal value of the shares acquired was small, so most of the money has been allocated to a share premium account. The company has grown as a result […]
