To be successful in a game of chess, it requires strategy: thinking ahead and planning your next move. Where R&D claims are concerned, it is more important than ever for company directors and their accountants to be looking ahead and planning their moves since the introduction of the advance claim notification – a requirement that many people remain unaware of.
Continue Reading
This week has been a first for the FW office, as we were joined by Joseph, who was with us for the week completing his Year 10 work experience. It was an absolute pleasure to host him, and we were all incredibly impressed by his maturity and eagerness to learn (as well as his biscuit eating ability!). Joe has written an article all about his experience.
Continue Reading
Stamp Duty Land Tax (SDLT) is tax that is charged if you purchase a property or land. The amount of SDLT usually depends on the cost but other factors, such as whether it is being used for residential purposes or whether you own any other properties, can also affect the rate.
From 1 April 2025, the boundaries at which different rates of stamp duty apply have changed.
Continue Reading
Chancellor of the Exchequer Rachel Reeves delivered an update on the economy in her first Spring Statement last week, promising no further tax rises and a commitment to her earlier pledge of only one major fiscal event per year. Income Tax, employee National Insurance contributions and VAT remain unchanged, with the focus of the Statement being on economic growth.
Continue Reading
Tea and biscuits make the perfect pairing. On their own, they’re great – but put them together and something magical happens. The same could be said for small and medium-sized businesses and accountants. On their own, they’re knowledgeable – but put them together and that’s when real business success happens. Don’t just take our word for it – it’s been proven!
Continue Reading
It was reported on 3 February this year by the BBC that, according to HMRC, an estimated 1.1 million people missed the deadline for filing their annual tax return.
Continue Reading
We continue to see the popularity of hybrid working and many more people are working from home regularly in the post lockdown era, whereas pre 2020 this may not have been an option. This might lead to a small but worthwhile tax saving opportunity.
Continue Reading
If you have your own business and usually have amounts owing to you by your customers, you could be in for a pleasant surprise when your tax bill is calculated for tax year 2024/25.
Continue Reading
The tax year 2025/26 will bring significant changes if you are an employer. Here’s what you need to know.
Continue Reading
In a significant move to reduce regulatory burden on UK businesses, the government has introduced new legislation that will substantially increase the size thresholds for micro, small and medium sized entities. These changes, taking effect from April 2025, will allow thousands of companies to benefit from simplified reporting requirements.
Continue Reading