Making Tax Digital (MTD) is transforming how businesses, landlords, and self-employed individuals report their taxes in the UK. With new rules requiring digital record-keeping and quarterly updates to HMRC, taxpayers will need to move away from traditional annual Self Assessment and adopt compatible accounting software. Understanding these changes now can help you stay compliant and avoid last-minute stress as the new requirements come into force.
Setting up a Special Purpose Vehicle (SPV) limited company has become a popular way for investors to purchase and manage property in the UK. By holding property within a company, investors can benefit from corporation tax rates, full mortgage interest deductibility, and a structure that supports long-term portfolio growth. However, while an SPV can offer tax and financing advantages, it is important to understand the costs, compliance requirements, and how profits are ultimately extracted from the company.
SEIS is one of the most generous tax incentives available to UK investors backing early-stage startups. With 50% income tax relief, potential Capital Gains Tax exemption on disposal, and loss relief if things do not go to plan, it significantly reduces the financial risk of investing in young companies. For higher earners or those with recent capital gains, SEIS offers a powerful way to combine tax efficiency with high-growth investment opportunities.
Are you paying yourself in the most tax efficient way as a company director in 2026? With changes to dividend allowances, corporation tax rates and National Insurance thresholds, the right remuneration strategy is more important than ever. In this guide, we explain how to structure your salary, dividends and pension contributions to minimise tax and maximise take home income while staying fully compliant.
In this blog post, we explore why hiring a professional bookkeeper is essential for your business. Discover the signs that it's time to hire a bookkeeper, the benefits of doing so, and how to choose the right bookkeeper for your business. Learn how expert bookkeeping services at Morris Accounting can help you save time, ensure accuracy, and make informed financial decisions.
In this article, we share 6 proven strategies to improve your business credit score and increase your chances of getting approved for loans and credit lines. From paying bills on time to diversifying your credit mix, we cover everything you need to know to establish a strong credit history. Don't let a low credit score hold your business back.
Learn about the types of business expenses directors can claim to reduce their company's taxable profits and tax bills. This guide covers travel, home office, equipment and supplies, professional fees, and entertainment expenses. Keep accurate records and follow the rules to minimise your tax liability.
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The latest UK Autumn Budget introduces several important updates that could affect both businesses and individuals. From corporation tax structures and National Insurance changes to the continued freeze on personal tax thresholds, these measures will influence how much tax people pay in the coming years. Understanding these updates can help you plan ahead and manage your tax position more effectively.