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All of the latest tax and finance information

End Of Tax Year Allowances

End of tax year allowances: As the tax year draws to a close, it is time to take stock and undertake any last-minute tax planning. This should include a review of available allowances for the 2022/23 tax years and consideration of the extent to which they have yet to...

EU Excise Duty changes now in effect – what this means for your business

Major changes to the way businesses process goods moving between EU Member states and Northern Ireland where excise duty has been paid came into effect on February 13 and anyone dealing with relevant goods must comply. The new Excise Movement and Control System (EMCS)...

IR35 – where are we now?

IR35 has been one of the most contentious pieces of accounting legislation since its introduction in April 2021 as HMRC works to prevent those it deems are employed by an organisation taking their income through a separate company. Previously, any large company...

Common e-commerce mistakes and how to avoid them

Running an e-commerce business is easier now than ever before. There are a number of ways you can create an online shop without needing to understand coding, whether you want something off-the-shelf or something developed specifically for you. But getting the shop...

Enhanced Capital Allowances

What are capital allowances? Capital allowances let taxpayers write off the cost of certain capital assets against taxable income. They take the place of accounting depreciation, which is not normally tax deductible. Businesses deduct capital allowances when computing...

The cost of divorce – how the pain can be more than emotional

January has earned the dubious distinction of being the month when more couples decide they want to get divorced than any other. The reasons are likely to be myriad, but the likelihood is that they either mark Christmas or New Year as a line in the sand for changing...